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

Key Points

• Maxim Power Corp. shares fell below their 50-day moving average of C$4.56, trading at C$4.55 with a volume of 22,500 shares.
• The company has significant liquidity, reflected in a quick ratio of 4.35 and a current ratio of 5.00.
• Maxim Power is based in Calgary and operates Canada's H.R. Milner Plant, a combined cycle gas-fired power plant, which started operations in Q4 of 2023.

Maxim Power Corp. (TSE:MXG - ) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.56 and traded as low as C$4.55. Maxim Power shares last traded at C$4.56, with a volume of 22,500 shares trading hands.

Maxim Power Trading Down 0.9%

The business has a 50-day moving average price of C$4.56 and a 200-day moving average price of C$4.39. 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 firm has a market capitalization of C$290.25 million, a P/E ratio of 19.83, a PEG ratio of -4.32 and a beta of 0.94.

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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