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

Key Points

• Maxim Power Corp. shares fell below their 50-day moving average of C$4.51, trading at C$4.49 with a small decline of 1.3%.
• The company has a market capitalization of C$285.79 million and a high current ratio of 5.00, suggesting strong liquidity.
• Maxim Power is concentrating on power projects in Alberta, with its primary asset being the 300 MW H.R. Milner Plant, commissioned in Q4 2023.

Maxim Power Corp. (TSE:MXG - )'s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.51 and traded as low as C$4.45. Maxim Power shares last traded at C$4.49, with a volume of 13,588 shares changing hands.

Maxim Power Stock Down 1.3%

The stock's fifty day moving average is C$4.51 and its 200 day moving average is C$4.39. 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 capitalization of C$285.79 million, a P/E ratio of 19.52, a price-to-earnings-growth ratio of -4.32 and a beta of 1.04.

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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