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The Gain For KAT Exploration, Inc. (KATX.PK) Drilling Begins



KAT Exploration, Inc. (OTCPK:KATX) climbed up by approximately 5% on the market. The stock has had negative price changes during the past week, though yesterday, it started to gain. Along with the price jump, traded volume of KAT exceeded 1 million shares for the day.

The most reasonable explanation on the gain, appeared to be the optimistic news by KAT Exploration. The company reported it was ready to begin drilling operations on its Rusty Ridge Iron Oxide Copper Gold property and the results are expected to be promising.

KAT started the year with a low-trade, though in May, the stock climbed up to $0.24 per share. However, after that, KATX stock entered a downtrend.

Currently, KATX is moving up, while the drilling operations are about to start.

Last Trade: 0.086



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