CAT Strategic Metals Corporation (OTCMKTS:CATTF) Stock Sees Buying Interest At Lower Level

It is likely that investors are going to look into the CAT Strategic Metals Corporation (OTCMKTS:CATTF) stock this morning considering the sort of gains that the stock clocked on Thursday.

Market Stats

On Thursday, CATTF stock moved up 6% to $0.0318 with more than 4.5k shares, compared to its average volume of 62k shares. The stock has moved within a range of $0.0318 – 0.0318 after opening trading at $0.0318.

Begins Diamond Drill Program On Burntland Project In New Brunswick

The company saw its stock jump by as much as 6% after it announced yesterday that it launched a new diamond drilling initiative at its Burntland Project. The project in question is owned entirely by CAT Strategic Metals and is situated in the northern part of New Brunswick. After the company had completed a trenching program at the project, it had managed to identify as many as seven drill hole targets in total.

In this context, it is also necessary to note that the company had also completed other surveys in addition to the trenching program before launching the drilling program. On the other hand, it ought to be noted that CAT Strategic Metals contracted the services of the company Forages Technic Eau Inc for the purposes of the drilling program. The holes are going to be drilled with a depth of around 200 metres and it is believed that the whole thing is going to be concluded I a matter of 28 days.

Traders Corner

CATTF stock is trading below the 20-Day and 50-Day Moving averages of $0.0351 and $0.0383 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0390. The stock is down 22% in the past month.