NEW YORK ( TheStreet) -- Alexco Resource (AMEX: AXU) is trading at unusually high volume Friday with 1.8 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.22 (+18.3%) at $7.94 as of 3:10 p.m. ET. Alexco Resource has a market cap of $400.8 million and is part of the basic materials sector and metals & mining industry. Shares are down 18.4% year to date as of the close of trading on Thursday. Alexco Resource Corp. engages in the exploration and development of mineral properties in Canada, primarily in Yukon Territory. The company has a P/E ratio of 60.7, below the average metals & mining industry P/E ratio of 210 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Alexco Resource as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Alexco Resource Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.