Aurcana Corporation (OTCQX:AUNFF) is a silver mining company with two operating mines: the La Negra mine in Mexico; and the Shafter mine in Texas. The company has a declared goal of entering the ranks of senior silver producers.
Aurcana is listed on the Toronto Stock Exchange under the ticker symbol AUN; shares of the company also trade in the USA on the pink sheets. After the 8-for-1 share consolidation a couple of months ago there are only 58.4M shares outstanding of which 30% are held by institutions and 9% by insiders. The decline in silver spot price has had a devastating effect on the share price and the market capitalization has been slashed to $76M at the...
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