Maxim Power (TSE:MXG) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Maxim Power Corp. (TSE:MXG) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$4.30 and traded as high as C$4.31. Maxim Power shares last traded at C$4.31, with a volume of 1,629 shares changing hands.

Maxim Power Stock Performance

The company has a quick ratio of 4.35, a current ratio of 5.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$273.53 million, a PE ratio of 28.73, a P/E/G ratio of -4.32 and a beta of 0.97. The firm has a 50-day moving average price of C$4.15 and a two-hundred day moving average price of C$4.30.

Maxim Power (TSE:MXG) last issued its earnings results on Thursday, August 6th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$16.06 million for the quarter. Maxim Power had a return on equity of 2.95% and a net margin of 13.58%. Research analysts forecast that Maxim Power Corp. will post 0.07 EPS for the current fiscal 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.