Investors Buy Large Volume of Alexco Resource Call Options (NYSEAMERICAN:AXU)

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Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 6,619 call options on the stock. This represents an increase of 380% compared to the typical volume of 1,378 call options.

Shares of AXU traded down $0.06 on Tuesday, reaching $2.88. 98,194 shares of the company’s stock traded hands, compared to its average volume of 1,621,704. The stock has a market cap of $405.52 million, a PE ratio of -22.61 and a beta of 0.94. The stock’s 50 day simple moving average is $2.87 and its two-hundred day simple moving average is $2.65. Alexco Resource has a 52-week low of $0.72 and a 52-week high of $3.50.

Several institutional investors have recently bought and sold shares of AXU. Cambridge Investment Research Advisors Inc. increased its holdings in Alexco Resource by 4.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 136,268 shares of the mining company’s stock valued at $432,000 after purchasing an additional 5,839 shares during the period. Wells Fargo & Company MN boosted its position in shares of Alexco Resource by 50.0% in the 4th quarter. Wells Fargo & Company MN now owns 18,000 shares of the mining company’s stock worth $57,000 after purchasing an additional 6,000 shares in the last quarter. Triton Wealth Management PLLC bought a new position in Alexco Resource in the 4th quarter valued at approximately $33,000. LPL Financial LLC raised its stake in Alexco Resource by 25.3% during the 4th quarter. LPL Financial LLC now owns 49,600 shares of the mining company’s stock valued at $157,000 after buying an additional 10,000 shares during the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in Alexco Resource during the 4th quarter valued at $38,000. 19.08% of the stock is owned by hedge funds and other institutional investors.

AXU has been the subject of a number of research reports. Alliance Global Partners initiated coverage on Alexco Resource in a research note on Friday, January 15th. They issued a “buy” rating and a $4.00 target price for the company. Roth Capital restated a “buy” rating on shares of Alexco Resource in a report on Tuesday, February 2nd.

Alexco Resource Company Profile

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, 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 725 quartz mining leases, 873 quartz claims, 24 placer mining claims, one quartz mining license and 50% of three quartz mining leases, and two crown grants 50% of three quartz mining leases covering an area of 233 square kilometers located in Yukon Territory.

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