Maxim Power (TSE:MXG) Reaches New 52-Week Low – Time to Sell?

Maxim Power Corp. (TSE:MXG)’s stock price hit a new 52-week low on Friday . The company traded as low as C$4.03 and last traded at C$4.10, with a volume of 22034 shares trading hands. The stock had previously closed at C$4.19.

Maxim Power Stock Down 1.2%

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.98 and a quick ratio of 4.35. The firm has a 50 day simple moving average of C$4.31 and a 200-day simple moving average of C$4.38. The stock has a market capitalization of C$263.17 million, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of -4.32 and a beta of 1.07.

Maxim Power (TSE:MXG) last issued its quarterly earnings data 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. On average, sell-side analysts forecast that Maxim Power Corp. will post 0.0712303 EPS for the current fiscal year.

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. 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.