Asia Broadband Inc (OTCMKTS:AABB) has not had a great time in the markets over the course of the past month and has seen its stock decline by as much as 37% during the period. In light of such enormous losses, it may be a good time for investors to take stock of the situation and have a look at what the company has been up to in recent times.
Trading Data
On Wednesday, AABB stock ended flat at $0.1072 with 14.83 million shares, compared to its average volume of 36.46 million shares. The stock has moved within a range of $0.1070 – 0.1189 after opening trade at $0.1113.
Asia Broadband Corporate Update
Last year, Asia Broadband has completed the acquisition of Tequila Gold Mine Joint Venture and Bonanza Gold Mine Project, both of which are located in Mexico.
In this context, it ought to be noted that Asia Broadband enjoys a certain degree of competitive advantage in the Mexican mining market. Expertise and developmental resources are easily available to the company and hence, it can replicate its successes in the market.
Both the properties that had been acquired by the company are of high gold potential and that is something that ought to be kept in mind when considering the company’s potential as a miner. Despite the steep fall in the stock price in the past month, it is a stock that could still be tracked by investors in the coming days.
Technical Data
AABB stock is trading below the 20-Day and 50-Day Moving averages of $0.13 and $0.16 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.15.
