New LOI Generates Premarket Interest

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, March 9, 2022

A Las Vegas-based small cap just announced that the company signed a letter of intent to acquire additional high-grade gold properties Zodiac II and Zodiac III in Buen Pais, Mexico, according to the release. Shares of Asia Broadband Inc. (OTCPK:AABB) are currently bid up on the news.

Asia Broadband Inc. 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 appear to be bullish on the news as shares are currently bid up at $0.091/share (+5.81% implied open for sellers) before the opening bell. This move could be confirmation of recently-established support should the stock rebound to recent highs.

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