Maxim Power (TSE:MXG) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of Maxim Power Corp. (TSE:MXG) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.47 and traded as high as C$4.48. Maxim Power shares last traded at C$4.42, with a volume of 7,254 shares.

Maxim Power Price Performance

The company has a 50 day moving average of C$4.47 and a 200 day moving average of C$4.52. The stock has a market capitalization of C$281.29 million, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of -4.32 and a beta of 1.25. The company has a quick ratio of 4.35, a current ratio of 5.00 and a debt-to-equity ratio of 25.03.

Maxim Power (TSE:MXG) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$27.58 million during the quarter. Maxim Power had a return on equity of 13.54% and a net margin of 36.82%. As a group, equities research analysts forecast that Maxim Power Corp. will post 0.0712303 EPS for the current fiscal year.

About Maxim Power

Based in Calgary, Alberta, Maxim Power Corp. (‘MAXIM’) is one of Canada’s largest truly independent power producers. MAXIM is now focused entirely on power projects in Alberta. Its core asset – the 300 MW H.R. Milner Plant, M2, in Grande Cache, AB – is a state-of-the-art combined cycle gas-fired power plant that commissioned in Q4, 2023. MAXIM continues to explore additional development options in Alberta including its currently permitted gas-fired generation projects and the permitting of its wind power generation project.