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The latest announcement is out from Abaxx Technologies Inc ( (TSE:ABXX) ).
Abaxx Technologies Inc. has partnered with Stellar Trading Systems to enable full connectivity between Stellar’s trading platforms and the Abaxx Exchange. This collaboration allows Stellar’s global trading clients to access Abaxx’s expanding suite of commodity futures contracts, enhancing market access and reinforcing the commercial ecosystem. The integration aligns with Abaxx’s focus on precious metals and battery materials, offering seamless access to its markets through Stellar’s established infrastructure. This partnership is expected to extend Stellar’s high-performance trading environment to Abaxx’s next-generation commodity futures benchmarks, benefiting institutions, brokers, and proprietary firms demanding speed, precision, and reliability.
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 innovative tools, benchmarks, and technology. The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx aims to address societal challenges like energy transition by providing market infrastructure for centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals. Additionally, Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore.
Average Trading Volume: 193,538
Technical Sentiment Signal: Buy
Current Market Cap: C$61.56M
For detailed information about ABXX stock, go to TipRanks’ Stock Analysis page.