Maxim Power (TSE:MXG) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Maxim Power Corp. (TSE:MXGGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.43 and traded as high as C$4.45. Maxim Power shares last traded at C$4.36, with a volume of 1,413 shares traded.

Maxim Power Stock Performance

The company has a market capitalization of C$287.65 million, a price-to-earnings ratio of 22.60, a P/E/G ratio of -4.32 and a beta of 1.14. The company has a 50 day moving average price of C$4.43 and a 200 day moving average price of C$4.47. The company has a debt-to-equity ratio of 25.03, a quick ratio of 4.35 and a current ratio of 5.00.

Maxim Power Company Profile

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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.

Further Reading

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