Maxim Power (TSE:MXG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Maxim Power Corp. (TSE:MXG) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$4.30 and traded as high as C$4.31. Maxim Power shares last traded at C$4.31, with a volume of 1,629 shares changing hands.

Maxim Power Stock Up 0.7%

The business’s 50 day moving average price is C$4.15 and its 200-day moving average price is C$4.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.71 and a quick ratio of 4.35. The company has a market cap of C$273.53 million, a P/E ratio of 28.73, a PEG ratio of -4.32 and a beta of 0.97.

Maxim Power (TSE:MXG) last announced its earnings results on Thursday, August 6th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$16.06 million during the quarter. Maxim Power had a return on equity of 2.95% and a net margin of 13.58%. On average, analysts anticipate that Maxim Power Corp. will post 0.07 earnings per share 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.