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

Maxim Power logo with Utilities background

Key Points

  • Maxim Power Corp. shares have recently crossed above their 50-day moving average of C$4.56, trading at C$4.80 with a high of C$4.92.
  • The company, based in Calgary, focuses on power projects in Alberta and operates the 300 MW H.R. Milner Plant, which is a combined cycle gas-fired power plant commissioned in Q4 2023.
  • Maxim Power has a market cap of C$308.88 million and a PE ratio of 5.88, indicating its valuation in relation to earnings.
  • Looking to export and analyze Maxim Power data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Maxim Power Corp. (TSE:MXG - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$4.56 and traded as high as C$4.92. Maxim Power shares last traded at C$4.80, with a volume of 6,873 shares.

Maxim Power Stock Performance

The company has a market capitalization of C$295.36 million, a P/E ratio of 5.62, a PEG ratio of -4.32 and a beta of 0.86. The company has a debt-to-equity ratio of 25.03, a current ratio of 5.00 and a quick ratio of 4.35. The company has a fifty day moving average price of C$4.56 and a two-hundred day moving average price of C$4.62.

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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