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

Key Points

• Maxim Power Corp. (TSE:MXG) shares have recently **surpassed their 50-day moving average**, trading as high as C$4.78 before settling at C$4.65.
• The company boasts a **strong financial position** with a quick ratio of 4.35, a current ratio of 5.00, and a market cap of C$299.23 million.
• Maxim Power is focused on power projects in Alberta, emphasizing its **300 MW H.R. Milner Plant**, which is a combined cycle gas-fired power plant that commenced operations in Q4 2023.

Shares of Maxim Power Corp. (TSE:MXG - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$4.50 and traded as high as C$4.78. Maxim Power shares last traded at C$4.65, with a volume of 2,799 shares traded.

Maxim Power Stock Performance

The firm has a 50 day simple moving average of C$4.52 and a 200-day simple moving average of C$4.67. 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 market cap of C$303.09 million, a price-to-earnings ratio of 5.77, a PEG ratio of -4.32 and a beta of 0.86.

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.