Asia Broadband (AABB) stock Corrects a Bit On profit Taking: Time to Buy?

After having delivered gains of 65% in the week leading up to Wednesday, the Asia Broadband Inc (OTCMKTS:AABB) stock corrected somewhat. Yesterday, the stock declined by 10%.

Asia Broadband (AABB) stock Corrects a Bit On profit Taking: Time to Buy?

However, at the same time, it is important for investors to keep in mind that the company did make another important announcement yesterday. Asia Broadband, which is involved in the precious metals space, announced that the assay results in relation to a gold mine property that it is on the verge of acquiring have been positive.

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It is a high-grade target for Asia Broadband and is located in the well known mining area of Acaponeta in Niyarit in Mexico. Hence, it is positive news for the company and one that is likely going to be on the back of the minds of many investors when they look into the Asia Broadband stock. In recent days, the stock rallied strongly after significant developments in its cryptocurrency business.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.