Maxim Power (TSE:MXG) Shares Pass Above 50-Day Moving Average – Time to Sell?

Maxim Power Corp. (TSE:MXG)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.41 and traded as high as C$4.47. Maxim Power shares last traded at C$4.45, with a volume of 2,000 shares traded.

Maxim Power Stock Down 0.4%

The stock has a fifty day moving average price of C$4.41 and a 200-day moving average price of C$4.51. The firm has a market cap of C$283.20 million, a PE ratio of 22.25, a PEG ratio of -4.32 and a beta of 1.31. The company has a debt-to-equity ratio of 25.03, a quick ratio of 4.35 and a current ratio of 5.00.

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