Asia Broadband, Inc. (OTCMKTS:AABB) is gaining momentum in Tuesday’s morning session. Three up days in a row may be a good start to a rally. For this to happen, AABB needs to clear and close above .21.
As of 11:49, AABB is moving up 3.68% to trade at $0.155. So far more than 8.9 million shares have exchanged hands. The stock opened at $0.152 and moved in a range of $0.1520 – 0.1650.
Asia Broadband Releases First-Quarter Results
Here are the highlights:
- A strong balance sheet of $100 million in assets is the highlight of the quarterly performance.
- AABB is in a highly liquid financial position to self-fund and rapidly advance its gold mining and cryptocurrency sales and exchange business segments.
- AABBG gold-backed cryptocurrency token sales and has accumulated approximately $1.5 million in cryptocurrencies, which was launched a couple of months ago.
- The campaign roll-out will begin next week and is expected to build substantial momentum over the next 3 months, as AABB’s own proprietary cryptocurrency exchange nears completion and launch.
Chris Torres, the CEO, stated, “Our transfer agent confirmed recently that restricted share dividends can take longer to process than ordinary free trading shares. This is due in part to some brokerage firms not allowing restricted shares in accounts, thus requiring physical share certificates to be printed and mailed.
|SHARES OUTSTANDING||339.54 M|
|SHARE FLOAT (%)||–|
|% HELD BY INSTITUTIONS||0.01|
Recent Stock Performance
|+/- EMA(20)||0.18 (-11.11%)|
|+/- SMA(50)||0.23 (-30.43%)|
|+/- SMA(200)||0.08 (+100.00%)|
|CCI20||-87.5042||Sell||Chaikin Money Flow||-0.1771||Sell|
|MACD||-0.0127||Sell||Money Flow Index||34.3077||Buy|
|STOCH (14,3)||24.7126||Sell||STOCH RSI||0.5703||Neutral|