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The latest announcement is out from Abaxx Technologies Inc ( (TSE:ABXX) ).
Abaxx Technologies Inc. has launched Enwex U.K. Onshore Wind Futures on the Abaxx Exchange, marking the second contract in its suite of weather derivatives. This new contract addresses the unique risk profile of the U.K.’s wind-dependent power market by providing a financially settled futures contract indexed to the Enwex Wind U.K. index. This initiative demonstrates the scalability of the Enwex methodology and enhances market accessibility, reflecting Abaxx’s commitment to developing weather markets and supporting the energy transition.
The most recent analyst rating on (TSE:ABXX) stock is a Buy with a C$60.00 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 developing digital market infrastructure and delivering market solutions for the energy transition, including futures contracts in LNG, carbon, battery materials, and precious metals. Abaxx Spot modernizes physical gold trading, while Adaptive Infrastructure provides post-trade services across environmental markets.
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.