Maxim Power (TSE:MXG) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Maxim Power Corp. (TSE:MXG) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.44 and traded as low as C$4.31. Maxim Power shares last traded at C$4.41, with a volume of 717 shares trading hands.

Maxim Power Trading Up 2.6%

The stock has a market cap of C$280.65 million, a PE ratio of 22.05, a PEG ratio of -4.32 and a beta of 1.14. The company has a quick ratio of 4.35, a current ratio of 5.00 and a debt-to-equity ratio of 25.03. The stock’s fifty day moving average price is C$4.44 and its 200 day moving average price is C$4.50.

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

Maxim Power Company Profile

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.