KAT Exploration,Inc. (KATX.PK) started the up move on the market. Though the stock has been down over the last week, yesterday, it won approximately 5% on its price.
Along with the price move, KAT traded over 1 million shares during the day. Apparently, the investors’ interest was successfully provoked.
The only reasonable explanation on the gain appeared to be the positive news on the company’s drilling operations, which are about to begin. As soon as the announcement was published, KATX stock started to climb.
The company is optimistic about the project, and the results are expected by the traders.
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