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

Maxim Power Corp. (TSE:MXG)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.49 and traded as high as C$4.55. Maxim Power shares last traded at C$4.44, with a volume of 39,365 shares.

Maxim Power Trading Down 2.3%

The company has a debt-to-equity ratio of 25.03, a quick ratio of 4.35 and a current ratio of 5.00. The firm has a fifty day moving average price of C$4.48 and a 200 day moving average price of C$4.51. The company has a market cap of C$276.20 million, a price-to-earnings ratio of 21.70, a P/E/G ratio of -4.32 and a beta of 1.25.

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