RTTNews | Jun 30, 2021 10:12AM EDT

10:11 Wednesday, June 30, 2021 (RTTNews.com) - Shares AST SpaceMobile, Inc. (ASTS) are currently gaining nearly 25% on Wednesday morning despite no stock-related statement from the company to drive the shares. The stock price has more than doubled in last one month.

AST SpaceMobile operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

ASTS is currently trading at $12.72, $2.51 or 24.58%, on the Nasdaq. While, ASTSW, the company's stock listed on Nasdaq GS, is trading at $6.26, up $2.28 or 57.29%. AST has a current market capitalization of $770.5 million.

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