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Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an announcement.
Abaxx Technologies Inc. has launched the Enwex German Wind Futures on the Abaxx Exchange, marking the introduction of a new suite of weather derivatives. This contract serves as a benchmark for managing wind-generation variability, addressing the shift in market volatility from demand to supply due to the expansion of wind energy. The euro-denominated futures are financially settled and indexed to Germany’s wind capacity, providing a tool for power market participants to hedge against renewable generation variability.
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. It is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. The company is involved in creating digital market infrastructure to support the energy transition and offers products like LNG, carbon, and precious metals futures. Abaxx Spot modernizes gold trading, and Adaptive Infrastructure provides custodial services for environmental markets.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
Learn more about ABXX stock on TipRanks’ Stock Analysis page.