Maxim Power (TSE:MXG) Insider Robert Bruce Watson Sells 3,160 Shares

Key Points

• Insider selling: Robert Bruce Watson sold a total of 7,460 Maxim Power shares across April 15–16 (including 3,160 shares on April 16 at C$4.35), raising about C$32,410; following the April 16 sale he held 13,218 shares, a 19.29% reduction from his prior position.
• Stock and company snapshot: MXG traded up 0.7% to C$4.45 on volume of 20,491 (well above the 6,830 average); the company has a market cap of C$282.98M and recently commissioned its 300 MW H.R. Milner combined-cycle plant in Q4 2023.

Maxim Power Corp. (TSE:MXG - Get Free Report) insider Robert Bruce Watson sold 3,160 shares of the company's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of C$4.35, for a total value of C$13,746.00. Following the completion of the sale, the insider owned 13,218 shares of the company's stock, valued at approximately C$57,498.30. The trade was a 19.29% decrease in their position.

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 2,600 shares of Maxim Power stock. The stock was sold at an average price of C$4.35, for a total value of C$11,310.00.
• 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.

Maxim Power Stock Up 0.7%

MXG traded up C$0.03 during midday trading on Friday, reaching C$4.45. The company had a trading volume of 20,491 shares, compared to its average volume of 6,830. The business has a 50-day moving average of C$4.42 and a two-hundred day moving average of C$4.45. The company has a market cap of C$282.98 million, a P/E ratio of 17.12, a P/E/G ratio of -4.32 and a beta of 1.13. 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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