Maxim Power (TSE:MXG) Reaches New 12-Month Low – Should You Sell?

Maxim Power Corp. (TSE:MXG) reached a new 52-week low on Wednesday. The company traded as low as C$4.00 and last traded at C$4.00, with a volume of 20,186 shares. The stock had previously closed at C$4.05.

Maxim Power Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 5.71 and a quick ratio of 4.35. The company has a 50-day moving average price of C$4.14 and a 200-day moving average price of C$4.26. The firm has a market capitalization of C$253.22 million, a PE ratio of 26.60, a P/E/G ratio of -4.32 and a beta of 0.97.

Maxim Power (TSE:MXG) last posted its quarterly earnings data on Thursday, August 6th. The company reported C($0.05) EPS for the quarter. Maxim Power had a return on equity of 2.95% and a net margin of 13.58%. The company had revenue of C$16.06 million for the quarter. Sell-side analysts forecast that Maxim Power Corp. will post 0.07 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.