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

Maxim Power logo with Utilities background

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Maxim Power Corp. (TSE:MXG - Get Free Report)'s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.58 and traded as low as C$4.40. Maxim Power shares last traded at C$4.49, with a volume of 7,190 shares changing hands.

Maxim Power Trading Down 2.0%

The company has a debt-to-equity ratio of 25.03, a quick ratio of 4.35 and a current ratio of 5.00. The stock has a market cap of C$280.56 million, a P/E ratio of 5.34, a P/E/G ratio of -4.32 and a beta of 0.86. The stock has a 50-day moving average price of C$4.57 and a 200-day moving average price of C$4.55.

Maxim Power Company Profile

(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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