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Abaxx Technologies Inc ( (TSE:ABXX) ) has issued an announcement.
Abaxx Technologies Inc. announced that its Abaxx Exchange has been granted registration as a Foreign Board of Trade by the U.S. Commodity Futures Trading Commission, allowing U.S.-based futures firms to directly access its regulated markets. This development marks a significant expansion for Abaxx, opening its markets to the largest derivatives trading community and enhancing participation in its suite of benchmark contracts. The registration is expected to increase liquidity and expand participation in Abaxx’s markets, which are designed to address the challenges of price discovery, hedging, and risk management in the transition to a lower-carbon economy.
The most recent analyst rating on (TSE:ABXX) stock is a Buy with a C$81.00 price target. To see the full list of analyst forecasts on Abaxx Technologies Inc stock, see the TSE:ABXX Stock Forecast page.
Spark’s Take on TSE:ABXX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABXX is a Neutral.
Abaxx Technologies Inc. has strong revenue growth and a solid balance sheet, but it remains unprofitable with negative cash flow, significantly impacting its financial performance score. Technical analysis points to a stable stock price without significant upward momentum. Valuation metrics are poor due to negative profitability. However, strategic corporate events positively influence the overall score by enhancing financial stability and market potential.
To see Spark’s full report on TSE:ABXX stock, click here.
More about Abaxx Technologies Inc
Abaxx Technologies Inc. is a financial software and market infrastructure company focused on creating smarter markets through better tools, benchmarks, and technology. The company is the majority shareholder of Abaxx Singapore, which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx is involved in developing and deploying financial technologies to facilitate communication, trade, and transactions, particularly in the energy transition sector. The company offers a range of centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, and operates Abaxx Spot, a platform for modernized physical gold trading.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
For a thorough assessment of ABXX stock, go to TipRanks’ Stock Analysis page.