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Abaxx Technologies Inc ( (TSE:ABXX) ) has issued an update.
Abaxx Technologies Inc. has been added to the MSCI Canada Small Cap Index, marking a significant milestone for the company as it reflects its progress in developing market infrastructure and technology. This inclusion is expected to enhance Abaxx’s visibility and credibility in the financial industry, as the company continues to expand its revenue-generating exchange and pilot programs, positioning itself as a key player in the transition to a low-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 building ‘Smarter Markets’ through advanced tools, benchmarks, and technology. The company is a majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx is involved in developing digital market infrastructure to facilitate the energy transition and offers centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals. Additionally, Abaxx Spot modernizes physical gold trading, and Adaptive Infrastructure provides post-trade custodial services.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
Find detailed analytics on ABXX stock on TipRanks’ Stock Analysis page.