Investors are almost always on the lookout for penny stocks due to the possibility of generating enormous gains and one of the penny stocks to have gained considerable popularity in recent times is that of Asia Broadband (OTC: AABB).
That being said, it should also be noted that the stock has had a fairly up and downtime in recent months and it is only in recent days that it has been on a steady upward curve. After having it a fresh low, the Asia Broadband stock has rallied strongly from the second week of this month and gone up by as high as 130% from that point.
In recent days, the stock has come into sharp focus among investors after it announced that it was going to get into the cryptocurrency space by way of a gold-backed crypto token. It is a significant development for the company and one that resulted in considerable interest from investors.