In recent times there have been many companies which have made a move into the crypto sector and one of those is Asia Broadband Inc (OTCMKTS:AABB). Over the course of the past month, the Asia Broadband stock has been in the middle of a remarkable run and managed to deliver gains of as much as 100% as a consequence.
Trading Data
On Wednesday, AABB stock gained 1.40% at $0.2260 with more than 25.12 million shares, compared to its average volume of 31.69 million shares. The stock has moved within a range of $0.2055 – 0.2458 after opening trade at $0.2227.
Asia Broadband Exceeds $1.1 Million in Gold-Backed Cryptocurrency Sales Last Month
Yesterday the company was in the news once again after it announced that it had managed to clock sales of more than $1.1 million worth of AABBG Gold tokens in the 4 weeks that ended on November 15, 2021.
It was a significant announcement from the company as it gears up to launch its proprietary crypto exchange soon. The AABBG Gold token is backed up by gold and the company is looking to turn it into the global standard.
In order to aid that expansion, the company is currently involved in boosting the circulation of the token in the key markets of Europe and North America. However, that is not all. Asia Broadband is looking to eventually expand the circulation of the token in other markets which have potential for high growth. It is a stock that could be added to the watch lists by investors.
Technical Data
AABB stock is trading above the 20-Day and 50-Day Moving averages of $0.19 and $0.14 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.16. The stock is up 103% in the past month.
