A Las Vegas-based small cap just announced that it has received mapping and rock sample assay results during the ongoing due diligence process with respect to the Letter of Intent to acquire a historic production gold mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. Shares of Asia Broadband Inc. (OTCPK:AABB) rallied on the news.
Asia Broadband is a United States-based resource company. It is engaged in the production, supply, and sale of precious and base metals. The company primarily caters its products to the Asian markets. It derives key revenue from the sales of minerals produced.
Traders were evidentially optimistic on the news as shares climbed up to a session high of $0.238/share (+14.15%) following the announcement. This move could be a potential upward breakout from the slightly downtrending trading range it has been caught in since March of this year.
