Alexco Resource (NYSEAMERICAN:AXU) Shares Gap Up to $1.97

Shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) gapped up before the market opened on Thursday . The stock had previously closed at $1.84, but opened at $1.97. Alexco Resource shares last traded at $2.00, with a volume of 65,043 shares.

Several brokerages have recently issued reports on AXU. Zacks Investment Research lowered shares of Alexco Resource from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. TheStreet upgraded shares of Alexco Resource from a “d+” rating to a “c-” rating in a research note on Thursday, July 25th.

Several hedge funds have recently modified their holdings of AXU. Bank of Montreal Can grew its stake in Alexco Resource by 1,640.9% in the 2nd quarter. Bank of Montreal Can now owns 25,000 shares of the mining company’s stock valued at $29,000 after buying an additional 23,564 shares in the last quarter. Jane Street Group LLC grew its stake in Alexco Resource by 55.1% in the 2nd quarter. Jane Street Group LLC now owns 29,000 shares of the mining company’s stock valued at $33,000 after buying an additional 10,300 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Alexco Resource in the 2nd quarter valued at approximately $41,000. Man Group plc purchased a new position in Alexco Resource in the 2nd quarter valued at approximately $187,000. Finally, Morgan Stanley grew its stake in Alexco Resource by 2.8% in the 2nd quarter. Morgan Stanley now owns 249,232 shares of the mining company’s stock valued at $284,000 after buying an additional 6,724 shares in the last quarter.

About Alexco Resource (NYSEAMERICAN:AXU)

Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It owns interests in the Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 725 surveyed quartz mining leases, 866 unsurveyed quartz mining claims, 8 placer claims, and 2 crown grants covering an area of 233 square kilometers located in Yukon Territory.

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