Asia Broadband (OTCMKTS:AABB) Stock Starts Another Round Of Buying: Jumps 96% in a Month
Asia Broadband Inc has moved into the crypto and blockchain space in a big way in recent times and last week it made another significant announcement. The Asia Broadband (OTCMKTS:AABB) stock flew on Friday and managed to record gains of 31%.
Market Stats
On Friday, AABB stock increased 30.95% at $0.2158 with more than 69.22 million shares, compared to its average volume of 28.88 million shares. The stock has moved within a range of $0.1630 – 0.2160 after opening the trade at $0.1720.
News Recap
That took its gains for the past month to as much as 96%. Earlier on in the month on November 3 the company had announced that it set up corporate presence in El Salvador with a new satellite office. It was announced that the satellite office was going to function as the hub of the company’s operations in South America and El Salvador as Asia Broadband prepares for the imminent launch of its Exchange.
In this context, it is perhaps also necessary for investors to keep in mind that not too long ago Asia Broadband also set up AABBG Exchange Sociedad Anonima De Capital Variable, its subsidiary company in the country of El Salvador.
The subsidiary is meant for functioning as the marketing and new business development vehicle. In addition to that, a team had also been created by Asia Broadband to oversee those operations. It could just be the right time for investors to keep track of the Asia Broadband stock.
