On Thursday, KAT Exploration, Inc. (PINK:KATX) stock was awarded by investors with a special Christmas present, a record for the year trading volume and a 49.09% return back of the share price between the sessions.
That special investor attention towards KATX was a clear signal that the shares are actually among the favorites this year, providing speculative gains and maybe still granting investors the possibility to bank more profits before the end of the year.
Actually, some investors counting on yearly basis their profits from KATX maybe realized that as of last week the share price increase pointed zero, as the stock is priced just like at the beginning of the year. Still, there is room for optimism for those investors that are at the zero point and incurred no losses, as opposed to those that hold KATX since this spring. Not to mention is the scale of the losses of those that became KATX stockholders in the “golden ages” of the stock in the middle of last year.
Looking at the shares’ performance this year, looks like the share turnover was mostly made by investor with not so long-term positions as the above mentioned. In regard of that, today even some stock marketing newsletters knowing already investors’ favorite picks “announced” the signal given by KATX that the time for a “reversal” is coming.
The company, as expected, released this Thursday some drill results from the Rusty Ridge property, which gave the initial impetus for watch lists and alerts sent by stock promoters via the Internet.
On the other side, KATX sell-off was presented as one of the main factors for a change of the downward direction into a strong upward one.
Though the bearish mood of some investors, KATX closed the trading week being strongly oversold and traded below its 50- and 200-day averages. This, in combination with the above mentioned stock alerts for the winning play this week, may eventually exchange the red candlesticks of KATX with green ones this week.[BANNER]
Further more, the company’s latest press release is not in compliance with the Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects), since KATX discloses information in accordance with the Alternative Reporting Standard on the Pink Sheets market. That category of companies should be considered extremely speculative by investors, but the fashionable REE and gold themes could also produce additional bids on KATX stock, resulting in an increased share price.
During the last for the week trading session, KATX lost half of its value closing at $0.028 per share on a volume exceeding twelve times the daily average for the company.
