Asia Broadband Inc (OTCMKTS:AABB) Stock Continues To Trend Lower
On Wednesday Asia Broadband Inc (OTCMKTS:AABB) was in focus after it announced that not too long ago it had completed tours of facilities and extensive meetings with mining process manufacturers in China.
Trading Data
On Wednesday, AABB stock slumped 1.64% to $0.0300 with more than 7.95 million shares traded, compared to volume of 8.40 million shares. The stock moved within a range of $0.0290 – 0.0335 after opening trading at $0.0293.
Asia Broadband Visits Manufacturers In China to Verify Shipments Of New Plant Site Equipment For Large-Scale Gold And Silver Ore Stockpile Processing
The company visited the facilities of Liming Heavy Industry Science & Technology Co Ltd and Mecru Heavy Industry Technology Co Ltd, both of which are located in Zhengzhou. During those meetings Asia Broadband managed to secure the shipments of additional processing equipment which would be deployed at its plant in Etzatlan, Mexico. Asia Broadband also used this opportunity to set up and expand its network in the mining industry. It also set up other business contacts.
The company’s management and technical consultants have targeted the third quarter by which Asia Broadband would bring the new processing facility into full gear. The new facility would be able to utilize advanced mining equipment and other efficiencies so as to maximize processing, metals extraction and keep the costs of production low. The facility would also be built up with expanded processing capabilities which would be implemented once the initial production levels are established. It could be a good time add the Asia Broadband stock to your watch lists.
