Alexco Resource (NYSEAMERICAN:AXU) Trading Up 4.6% – Time to Buy?

Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was up 4.6% on Wednesday . The company traded as high as $0.47 and last traded at $0.45. Approximately 534,500 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 1,064,682 shares. The stock had previously closed at $0.43.

Alexco Resource Trading Up 4.6 %

The company has a market capitalization of $76.48 million, a P/E ratio of -6.36 and a beta of 1.06.

About Alexco Resource

Alexco Resource Corp. engages in the mineral exploration, evaluation, development, and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, zinc, and gold deposits. It owns interests in the majority of the historic Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 722 quartz mining leases, 873 quartz claims, 24 placer mining claims, 1 quartz mining license and 50% of 3 quartz mining leases, 2 crown grants, and 6 fee simple lots and 7 surface leases located in Yukon Territory.