Maxim Power (TSE:MXG) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

by · The Cerbat Gem

Maxim Power Corp. (TSE:MXG – Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.42 and traded as high as C$4.44. Maxim Power shares last traded at C$4.42, with a volume of 1,401 shares.

Maxim Power Stock Performance

The company has a market cap of C$283.83 million, a P/E ratio of 22.30, a price-to-earnings-growth ratio of -4.32 and a beta of 1.31. The company’s fifty day moving average is C$4.42 and its 200 day moving average is C$4.51. The company has a current ratio of 5.00, a quick ratio of 4.35 and a debt-to-equity ratio of 25.03.

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

Maxim Power Company Profile

(Get Free Report)

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.

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