Maxim Power (TSE:MXG) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of Maxim Power Corp. (TSE:MXG) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$4.18 and traded as low as C$4.13. Maxim Power shares last traded at C$4.17, with a volume of 6,801 shares trading hands.

Maxim Power Trading Up 0.5%

The company has a market cap of C$264.92 million, a P/E ratio of 27.80, a PEG ratio of -4.32 and a beta of 1.11. The company has a current ratio of 5.71, a quick ratio of 4.35 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of C$4.18 and a 200-day moving average price of C$4.31.

Maxim Power (TSE:MXG) last released its quarterly earnings data on Thursday, August 6th. The company reported C($0.05) EPS for the quarter. Maxim Power had a net margin of 13.58% and a return on equity of 2.95%. The company had revenue of C$16.06 million during the quarter. Analysts forecast that Maxim Power Corp. will post 0.0712303 earnings per share 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. 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.