In sliding 7.78%, Aurcana Corporation (CDX:AUN:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.45, shares of AUN:CA opened this morning at $0.415 and closed the day at $0.415. Throughout the day, about 56,860 shares changed hands, compared to an average 30-day volume of 89,228 for Aurcana Corporation. Shares moved as high as $0.44 and as low as $0.415 in today’s trading action.
The share depreciation gives the company a market capitalization of $38.14 million based upon 84.74 million shares outstanding.
In the past 52 weeks, shares of Aurcana Corporation have traded as low as $0.115 and as high as $0.8. Technical traders will take note that at $0.415, shares of AUN:CA are trading above their 50-day moving average (MA) at $0.411 and below their 200-day MA at below $0.422. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Aurcana Corp?
Aurcana Corp is engaged in the exploration, development and operation of natural resource properties. The Company's principal development property is the Shafter silver property (Shafter), located in Presidio County, southwest. The company is led by its CEO Kevin Drover from its headquarters at 789 West Pender Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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