Maxim Power (TSE:MXG) Reaches New 12-Month Low – Here’s Why

Maxim Power Corp. (TSE:MXG) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$4.10 and last traded at C$4.10, with a volume of 4404 shares traded. The stock had previously closed at C$4.25.

Maxim Power Stock Performance

The stock has a 50 day moving average price of C$4.40 and a 200 day moving average price of C$4.42. The company has a market cap of C$268.89 million, a P/E ratio of 20.14, a P/E/G ratio of -4.32 and a beta of 1.22.

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