Sometimes it so happens that any kind of action in a particular stock can prove to be very confusing and appear entirely speculative in nature. The decline in the KAT Exploration Inc (OTCMKTS:KATX) stock last week was of a similar nature.
There has been no official news about the company in many years and in fact, the last time any news emerged about the company was back in 2016. As a matter of fact, the mineral property exploration and development company does not even have a website of its own at this point. Last Friday, the stock declined sharply and went down by as much as 20%. That took its losses for the entire week to as much as 30%.
Since there has been no news since 2016, it might be a good idea to take a look at the nature of the company’s business. As a mineral property explorer and developer, KAT Exploration primarily operates in Labrador and Newfoundland.
In addition to that, it is also necessary to keep in mind that the company is mainly involved with precious metals. At this point, it is going to be interesting to see if the KAT Exploration stock continues to slide this week or not.
On Friday, KATX stock fell 20.50% at $0.0101 with more than 159.05 million shares, compared to its average volume of 101.22 million shares. The stock has moved within a range of $0.0093 – 0.0140 after opening the trade at $0.0131.
 Stock Continues to Fall: Down 30% in a Week){kind=link}