Maxim Power (TSE:MXG) Stock Passes Above 50 Day Moving Average – What’s Next?

Maxim Power Corp. (TSE:MXG) 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 changing hands.

Maxim Power Price Performance

The company has a current ratio of 5.00, a quick ratio of 4.35 and a debt-to-equity ratio of 25.03. The business has a 50-day moving average price of C$4.41 and a two-hundred day moving average price of C$4.51. The firm has a market capitalization of C$283.20 million, a price-to-earnings ratio of 22.25, a PEG ratio of -4.32 and a beta of 1.31.

Maxim Power (TSE:MXG) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$27.58 million during the quarter. Maxim Power had a return on equity of 13.54% and a net margin of 36.82%. As a group, research 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.