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Maxim Power (TSE:MXG) Shares Pass Above 50-Day Moving Average - Here's Why

Maxim Power logo with Utilities background

Key Points

  • Maxim Power Corp. shares have surpassed their fifty-day moving average of C$4.56 during recent trading, peaking at C$4.59.
  • The company's key financial metrics include a debt-to-equity ratio of 25.03 and a current ratio of 5.00, reflecting a strong liquidity position.
  • Maxim Power's core asset is a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta, which began operations in Q4, 2023.
  • Five stocks to consider instead of Maxim Power.

Shares of Maxim Power Corp. (TSE:MXG - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.56 and traded as high as C$4.59. Maxim Power shares last traded at C$4.49, with a volume of 5,000 shares changing hands.

Maxim Power Price Performance

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 company has a market cap of C$286.10 million, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of -4.32 and a beta of 0.94. The company has a fifty day moving average price of C$4.56 and a two-hundred day moving average price of C$4.43.

About Maxim Power

(Get Free Report)

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.

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