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

Key Points

• Maxim Power Corp. shares dipped below their 50-day moving average of C$4.56, trading at C$4.40 with a recent low of C$4.33.
• The company boasts strong liquidity ratios with a quick ratio of 4.35 and a current ratio of 5.00, alongside a debt-to-equity ratio of 25.03.
• Maxim Power's market capitalization is approximately C$283.14 million, with a P/E ratio of 5.39, indicating valuation metrics that may attract potential investors.

Shares of Maxim Power Corp. (TSE:MXG - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$4.56 and traded as low as C$4.33. Maxim Power shares last traded at C$4.40, with a volume of 7,426 shares.

Maxim Power Stock Down 1.1%

The firm has a market cap of C$284.19 million, a price-to-earnings ratio of 19.39, a P/E/G ratio of -4.32 and a beta of 0.89. The firm's fifty day moving average is C$4.56 and its two-hundred day moving average is C$4.49. The company has a debt-to-equity ratio of 25.03, a current ratio of 5.00 and a quick ratio of 4.35.

About Maxim Power

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.