Asia Broadband (AABB) Stock Moves Towards 20 Cents: Here is Why

As far as penny stocks are concerned, the Asia Broadband Inc (OTCMKTS:AABB) stock has been one of the more notable gainers and has managed to deliver gain in excess of 1800% so far this year.

Asia Broadband (AABB) Stock Moves Towards 20 Cents: Here is Why

The rally in the stock continued on Friday as it soared by another 18%. There was no fresh news with regards to the company yesterday but it might be a good idea for investors to take a look at some of the recent events with regards to Asia Broadband.

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Earlier in the week, the company announced its financial results for the first fiscal quarter and revealed that it had assets to the tune of $100 million. That was a major revelation, considering the fact that Asia Broadband will now be able to use those assets in order to further grow its gold mining and cryptocurrency businesses. It is now going to be interesting to see if the stock can carry on the momentum into next week.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.