Maxim Power (TSE:MXG) Insider Robert Bruce Watson Sells 2,600 Shares

Key Points

• Insider Robert Bruce Watson sold a total of 7,460 shares of Maxim Power across April 15–16 for about C$32,410 (including a 2,600-share sale at C$4.35), reducing his stake by ~12.76% to 17,778 shares.
• MXG stock traded up 0.7% to C$4.45 on Friday with volume of 20,491 (vs. average 6,830), and the company has a market cap of C$282.98M and a P/E of 17.12.
• Maxim Power is focused on Alberta power projects, with its core asset the 300 MW H.R. Milner combined-cycle gas plant that commissioned in Q4 2023.

Maxim Power Corp. (TSE:MXG - Get Free Report) insider Robert Bruce Watson sold 2,600 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of C$4.35, for a total value of C$11,310.00. Following the sale, the insider owned 17,778 shares of the company's stock, valued at approximately C$77,334.30. The trade was a 12.76% decrease in their ownership of the stock.

Robert Bruce Watson also recently made the following trade(s):

• On Wednesday, April 15th, Robert Bruce Watson sold 300 shares of Maxim Power stock. The stock was sold at an average price of C$4.40, for a total value of C$1,320.00.
• On Wednesday, April 15th, Robert Bruce Watson sold 1,400 shares of Maxim Power stock. The stock was sold at an average price of C$4.31, for a total value of C$6,034.00.
• On Thursday, April 16th, Robert Bruce Watson sold 3,160 shares of Maxim Power stock. The stock was sold at an average price of C$4.35, for a total value of C$13,746.00.

Maxim Power Stock Up 0.7%

Shares of MXG stock traded up C$0.03 on Friday, reaching C$4.45. 20,491 shares of the stock were exchanged, compared to its average volume of 6,830. The stock has a market cap of C$282.98 million, a P/E ratio of 17.12, a price-to-earnings-growth ratio of -4.32 and a beta of 1.13. The firm has a 50 day moving average of C$4.42 and a two-hundred day moving average of C$4.45. Maxim Power Corp. has a 1-year low of C$3.68 and a 1-year high of C$4.92.

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.

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