Small Cap Catches Premarket Bid To Extend Gains

Small Cap Catches Premarket Bid To Extend Gains

By: Tomas Ronolski - News

Tuesday, November 2, 2021

A Las Vegas-based small cap has got our attention for the second week in a row as shares are bid up this morning. Even though on no significant news, this premarket action comes a day after a huge rally in share price on Monday. Long term holders of Asia Broadband Inc. (OTCPK:AABB) have to be sitting high this morning. 

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 this small cap as shares are bid up at $0.2405/share (+11.24% implied open for sellers). This move comes the day after a massive rally as shares closed up at $.2162/share (+47.07%) on Monday. 

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