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Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an announcement.
Abaxx Technologies Inc. announced the execution of the first Enwex German Onshore Wind futures block trade on the Abaxx Exchange, with participation from Gunvor International B.V. This trade marks a significant milestone in the renewable energy market, demonstrating the role of exchange-listed products in managing renewable generation risk. The Enwex German Onshore Wind Futures contract allows market participants to hedge against wind variability, providing transparency, efficiency, and liquidity to the weather derivatives market. This development is expected to be crucial for producers, investors, and energy traders as wind and solar energy continue to influence power market dynamics.
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 developing digital market infrastructure to support the energy transition. The company is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx is involved in creating Smarter Markets by providing tools, benchmarks, and technology to address societal challenges, including the energy transition. Their offerings include centrally-cleared futures contracts in commodities such as LNG, carbon, battery materials, and precious metals, as well as modernizing physical gold trading through Abaxx Spot.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
See more data about ABXX stock on TipRanks’ Stock Analysis page.