KAT Exploration Inc. (OTC:KATX)
KAT Exploration Inc. was established as a for profit corporation in the province of Newfoundland and Labrador on December 5, 2005, by Ken and Tim Stead, who are experienced in mineral exploration and prospecting. The company explores for mineral deposits in and around central and eastern Newfoundland, Canada.
The principal objective of the Company is to locate, stake, prove up and sell mineral properties through out the province of Newfoundland. It is the Company?s objective to take advantage of this increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
Since inception, the Company has acquired through staking, over 15590 + hectares of mineral properties.(Source:OTCMarkets.com)
KATX looks like it is starting a new upward trend. Right now it has printed RSI positive divergence and the MACD is in an upward trend. These two signals together are usually very effective in predicting were a stock will go next.
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