Alexco Resource (AXR) Hits New 52-Week High at $1.95

Alexco Resource (TSE:AXR) (NYSE:AXU) shares reached a new 52-week high on Tuesday . The stock traded as high as C$1.95 and last traded at C$1.93, with a volume of 38694 shares changing hands. The stock had previously closed at C$1.92.

Separately, Roth Capital reiterated a “buy” rating on shares of Alexco Resource in a report on Tuesday, February 20th.

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Alexco Resource (TSE:AXR) (NYSE:AXU) last released its quarterly earnings results on Wednesday, March 14th. The company reported C($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.01). The company had revenue of C$2.51 million during the quarter, compared to analyst estimates of C$3.00 million. Alexco Resource had a negative net margin of 60.01% and a negative return on equity of 8.84%.

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Alexco Resource Company Profile

Alexco Resource Corp. engages in the mineral exploration, and mine development and operation activities in Canada. The company explores for silver, lead, and zinc deposits. It owns 100% interests in the Keno Hill Silver District project comprising the Bellekeno, Flame & Moth, Lucky, Queen, Onek, and Bermingham deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.

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