There were a number of stocks which had managed to clock gains on Tuesday despite the overall turbulence in the markets and one of those was the AB International Group Corp (OTCMKTS:ABQQ) stock, which ended up with gains of as much as 8%.
On Tuesday, ABQQ stock rose 8.33% to $0.0013 with more than 16.69 million shares, compared to its average volume of 11.03 million shares. The stock moved within a range of $0.0012 – 0.0013 after opening trade at $0.0013.
AB INTL GROUP Announces Business Updates
The movie investment, licensing and intellectual property firm came into focus among investors yesterday after it provided a series of business updates. It could be a good idea for investors to take a look at some of the highlights. The company announced yesterday that it had awarded a global license to a NFT movie and music marketplace to a metaverse operator. The license is initially for a year and had started back on August 20, 2022 and will be in place until August 19, 2023.
The intellectual property of the platform in question is actually owned by AB International Group. The company got a one-time fee of $100000 in the form of a setup fee and over the course of the contract; it would be paid $60000 a month for the license. The company further noted that it was inclined to continue with the partnership with the services provider.
ABQQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0031 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0101.