Asia Broadband (AABB) Stock Extends Rally on Monday: Are You Bullish?
The Asia Broadband Inc (OTCMKTS:AABB) stock had gained by as much as 24% last Friday and this morning, the stock has started off on the same vein. While it is true that there has been no fresh news about the company, the stock did rise by 7% so far today.
key Things to Watch
In this situation, it should be noted that the rally in the stock is related to an announcement made by the company last week and it might be a good idea to perhaps take a closer look at the update. The company announced that it made major progress with regard to the development of its own cryptocurrency exchange.
Considering the importance and popularity of cryptocurrencies as well as exchanges, many companies are now moving into the sector in a big way. Asia Broadband seems to have done the same and that has brought a significant degree of attention from investors. It is also important to note that the update from the company about the exchange not long after it had announced the launch of its gold-backed AABBG token.
The cryptocurrency exchange has been under development at Asia Broadband for quite some time and it is going to be another version of the AABB Wallet.
It is going to be particularly beneficial for those who use the AABB Wallet. Those users are going to be able to make dual exchanges of their AABBG gold token with other major cryptocurrencies fairly quickly. Some of the cryptocurrencies that are going to be available on the exchange are going to be Litecoin, Bitcoin, and Ethereum. The exchange is expected to add substantially to Asia Broadband’s revenues by way of transaction fees and is also expected to help with regard to the rise of AABBG token’s price. At this time, the company has only released a limited number of tokens. Investors could do well to keep a close eye on the developments with regards to this project.
Green Globe International (GGII) Stock Rockets 2500% in 3-Week: What’s The Buzz?
Investors are almost always on the lookout for stocks that might have clocked impressive gains within a short period of time and hence, it might be a good idea to perhaps look into the Green Globe International Inc (OTCMKTS:GGII) stock.
GGII stock is up by 25% this morning at $0.0578. Moreover, this past Friday, the stock was on fire and had managed to end the day with gains of as much as 84%.
Key Triggers
As a matter of fact, the stock had clocked gains of a staggering 2525% during the course of the past three weeks alone. That being said, it is also necessary to point out that there has been no recent news about the company that could have triggered the rally on Friday.
The major development with regards to the company was last month when Green Globe announced that back on March 22, it had managed to successfully conduct the private sale of a total of 100 Series A preferred shares to The Hempacco Co Inc. As a result, the control of the company passed on to Hempacco. Since then, the stock has continued to soar as more and more investors piled on to it in a big way. However, that was not all.
The company also announced that a new board of directors had also been appointed and it was going to be led by the Hempacco Chief Executive Officer Sandro Piancone. On the other hand, Green Globe also applied to the OTC Markets in order to get access to the disclosure and information systems in order to submit the missing reports as well as for providing information with regards to the new owners of the company. The whole process of submitting information to the OTC Markets might take between three to four weeks. Hempacco is involved in disrupting the tobacco cigarettes industry with its own products like herb cigarettes and CBD cigarettes among others.