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Maxim Power (TSE:MXG) Shares Pass 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) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

Maxim Power Trading Down 2.0%

The stock's fifty day moving average price is C$4.57 and its two-hundred day moving average price is C$4.53. 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 stock has a market capitalization of C$280.56 million, a P/E ratio of 5.34, a price-to-earnings-growth ratio of -4.32 and a beta of 0.86.

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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