A Las Vegas-based small cap just announced that the company is currently integrating and testing the network of components in financial preparations for the imminent release of their proprietary cryptocurrency exchange. Shares of Asia Broadband Inc. (OTCPK:AABB) rallied strongly on the news.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. Additionally, the Company has recently released its AABBG freshly minted mine-to-token gold-backed cryptocurrency and is developing its own proprietary digital exchange.
Traders were bullish on the news as shares popped up to $0.1199/share (+41.06%) at the session high following the announcement. This move is potentially an indication of things to come as shares seem to have momentarily broken the downtrend it has been riding for the last few months.
