KATX has had a couple nice runs recently and it could be ready to go again today after some mid day news.
After a run from .0015 to .007 It setled then made another run a week later to .04. On a pullback from that high it settled on the 50 dma and held in that position very well. During that time we had some news but nothing seemed to move it.
KATX looks to be breaking out of this sideways pattern today. Nothing is ever guaranteed. Expect a nice afternoon run as daytraders come back from lunch and notice the volume and movement in pps.
Here is a quick chart (hopefully we can have the chart here shortly)
KATX Thread in penny stocks forum
Old KATX Thread during the big run. Quiet thread
KAT Exploration Inc.
is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
The company’s main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned “Rusty Ridge” property, the company will expand it’s focus in this area as well.With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential.