Asia Broadband Inc (OTCMKTS:AABB) Stock Consolidates After Recent Fall
It was not a great day in the markets for all those invested in Asia Broadband Inc (OTCMKTS:AABB) as the company’s stock suffered from a selloff and went down by as much as 6% for the day.
Trading Data
On Wednesday, AABB stock decreased 6.10% to $0.0323 with more than 8.02 million shares, compared to volume of 8.61 million shares. The stock moved within a range of $0.0320 – 0.0348 after opening trade at $0.0330.
Asia Broadband Sources New Plant Site Equipment For Processing Large-Scale Gold and Silver Ore Stockpile
The company was in fact in the news yesterday after it announced that its technical advisors and management had been in discussions with distributors and supply agents to assess the capacities as well as capabilities of its new production plant. The company also announced that it was going to work towards maximizing the efficiencies related to the processing as well as metals extraction, and reduce production costs as much as possible, through the deployment of advanced mining equipment.
It goes without saying that the announcement was a significant one from the company and it is going to be interesting to see if there is any kind of recovery in the Asia Broadband stock over the course of the coming days or not. The company also announced yesterday that the new facility that is going to be built is also going to be equipped with higher processing capabilities and it would be put in place once the initial levels of production are established.
