Maxim Power (TSE:MXG) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Maxim Power Corp. (TSE:MXG) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.43 and traded as high as C$4.45. Maxim Power shares last traded at C$4.36, with a volume of 1,413 shares changing hands.

Maxim Power Price Performance

The stock has a market capitalization of C$277.47 million, a P/E ratio of 21.80, a PEG ratio of -4.32 and a beta of 1.14. The company has a 50 day moving average of C$4.43 and a 200-day moving average of C$4.47. The company has a quick ratio of 4.35, a current ratio of 5.00 and a debt-to-equity ratio of 25.03.

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.