Maxim Power (TSE:MXG) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Maxim Power Corp. (TSE:MXG)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$5.19 and traded as high as C$6.10. Maxim Power shares last traded at C$6.08, with a volume of 8,997 shares changing hands.

Maxim Power Stock Performance

The stock has a market cap of C$305.62 million, a PE ratio of 13.13, a P/E/G ratio of -4.32 and a beta of 0.86. The company has a debt-to-equity ratio of 26.05, a current ratio of 4.44 and a quick ratio of 4.35. The stock has a 50-day simple moving average of C$5.19 and a 200-day simple moving average of C$4.38.

Maxim Power (TSE:MXG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$25.66 million for the quarter. Maxim Power had a return on equity of 8.83% and a net margin of 28.02%. Equities analysts predict that Maxim Power Corp. will post 0.0712303 earnings per share for the current fiscal year.

About Maxim Power

Maxim Power Corp., an independent power producer, acquires or develops, owns, and operates power and power related projects in Alberta, Canada. It operates Milner power plant, a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta. The company was founded in 2010 and is headquartered in Calgary, Canada.