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

Maxim Power Corp. (TSE:MXG)’s stock price crossed 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.

Maxim Power Trading Up 0.5 %

The company has a quick ratio of 4.35, a current ratio of 4.44 and a debt-to-equity ratio of 26.05. The firm’s 50-day simple moving average is C$5.19 and its 200 day simple moving average is C$4.38. The stock has a market capitalization of C$307.65 million, a P/E ratio of 13.22, a PEG ratio of -4.32 and a beta of 0.86.

Maxim Power (TSE:MXG) last issued its earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$25.66 million during the quarter. Maxim Power had a net margin of 28.02% and a return on equity of 8.83%. Equities research analysts anticipate that Maxim Power Corp. will post 0.0712303 EPS 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.