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Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an update.
Abaxx Technologies Inc. has launched Adaptive Infrastructure, a subsidiary aimed at providing a unified custodial foundation across various markets and asset classes. This initiative addresses the structural challenges in custody across traditional and emerging financial systems by offering institutional-grade custodial, settlement, and transfer agency services. Adaptive has been approved as a custodian for Abaxx Exchange’s carbon futures contracts and will also serve in Abaxx’s tokenized money market fund pilot. This move enhances Abaxx’s market infrastructure, supporting its vision for smarter markets and improving reliability and risk management across asset classes.
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. The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx develops technologies to facilitate secure communication, trade, and transactions, and operates in sectors like LNG, carbon, battery materials, and precious metals. It also modernizes gold trading through Abaxx Spot in Singapore.
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.