Maxim Power (TSE:MXG) Share Price Passes Above 50 Day Moving Average – Time to Sell?
by Michael Walen · The Markets DailyMaxim Power Corp. (TSE:MXG – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$4.47 and traded as high as C$4.48. Maxim Power shares last traded at C$4.42, with a volume of 7,254 shares changing hands.
Maxim Power Stock Down 0.2%
The company’s fifty day simple moving average is C$4.47 and its 200 day simple moving average is C$4.52. 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 firm has a market capitalization of C$281.29 million, a P/E ratio of 22.10, a price-to-earnings-growth ratio of -4.32 and a beta of 1.25.
Maxim Power (TSE:MXG – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.17 EPS for the quarter. The business had revenue of C$27.58 million during the quarter. Maxim Power had a net margin of 36.82% and a return on equity of 13.54%. Research analysts expect that Maxim Power Corp. will post 0.0712303 EPS for the current year.
About Maxim Power
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.