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

Key Points

• Maxim Power Corp. shares fell below their 50-day moving average of C$4.55, trading as low as C$4.39.
• The company has a market capitalization of C$286.43 million and a P/E ratio of 19.57.
• Maxim Power is focused on power projects in Alberta, with its core asset being a state-of-the-art 300 MW gas-fired power plant.

Maxim Power Corp. (TSE:MXG - ) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.55 and traded as low as C$4.39. Maxim Power shares last traded at C$4.50, with a volume of 15,720 shares trading hands.

Maxim Power Stock Performance

The company has a market cap of C$286.43 million, a P/E ratio of 19.57, a price-to-earnings-growth ratio of -4.32 and a beta of 1.04. The company has a quick ratio of 4.35, a current ratio of 5.00 and a debt-to-equity ratio of 25.03. The stock's 50-day moving average price is C$4.55 and its 200 day moving average price is C$4.38.

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.

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