Maxim Power (TSE:MXG) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Maxim Power Corp. (TSE:MXG) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.38 and traded as low as C$4.25. Maxim Power shares last traded at C$4.25, with a volume of 11,581 shares traded.

Maxim Power Trading Down 2.3%

The stock has a 50-day simple moving average of C$4.38 and a 200-day simple moving average of C$4.41. The company has a market cap of C$270.16 million, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of -4.32 and a beta of 1.22.

Maxim Power (TSE:MXG) last announced its quarterly earnings results on Friday, March 20th. The company reported C$0.04 earnings per share (EPS) for the quarter. Maxim Power had a return on equity of 4.02% and a net margin of 16.95%.The company had revenue of C$20.31 million during the quarter. As a group, research analysts expect that Maxim Power Corp. will post 0.0712303 EPS for the current fiscal year.

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. MAXIM continues to explore additional development options in Alberta including its currently permitted gas-fired generation projects and the permitting of its wind power generation project.