06:40:35 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 69,588,898
Close 2014-11-20 C$ 0.66
Market Cap C$ 45,928,673
Recent Sedar Documents

Int'l Speculator says sell Alexco

2014-11-21 21:23 ET - In the News

The International Speculator, in its Nov. 7, 2014, issue, downgrades Alexco Resource Corp. (recently 69 cents) to a sell from a hold. The newsletter said buy the Yukon miner-explorer 12 times between May 2, 2006, and Jan. 7, 2013, at prices ranging from $1.30 to $7.80. Assuming an investment of $1,000 for each of the 12 buys, selling the $12,000 position at 69 cents yields a loss of $9,770. The writer says he is selling because Alexco does not have the money it needs to survive, and is "highly vulnerable" to a market crash. The company recently won a reprieve from Silver Wheaton Corp., but it is not enough to make a difference. In the Speculator's October issue, senior metals investment strategist Louis James said that while gold may have fallen in September, it probably did not become any less valuable. He explained that in today's increasingly chaotic and dangerous world, gold may in fact have become more valuable.

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