Maxim Power (TSE:MXG) Share Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Maxim Power Corp. shares have surpassed their fifty-day moving average, trading as high as C$4.66, with the last recorded price at C$4.65.
• The company boasts a market capitalization of C$296.29 million, with a price-to-earnings ratio of 20.22 and a debt-to-equity ratio of 25.03.
• Maxim Power is focused exclusively on power projects in Alberta and operates the 300 MW H.R. Milner Plant, a state-of-the-art combined cycle gas-fired power facility.

Shares of Maxim Power Corp. (TSE:MXG - ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.55 and traded as high as C$4.66. Maxim Power shares last traded at C$4.65, with a volume of 8,777 shares traded.

Maxim Power Trading Up 4.0%

The company has a market capitalization of C$296.29 million, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of -4.32 and a beta of 0.94. The business has a fifty day moving average price of C$4.55 and a 200 day moving average price of C$4.42. The company has a debt-to-equity ratio of 25.03, a current ratio of 5.00 and a quick ratio of 4.35.

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.

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