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

Maxim Power Corp. (TSE:MXG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.89 and traded as high as C$4.13. Maxim Power shares last traded at C$4.13, with a volume of 17,200 shares.

Maxim Power Trading Up 1.0 %

The company has a current ratio of 4.44, a quick ratio of 4.35 and a debt-to-equity ratio of 26.05. The company’s fifty day moving average is C$3.89 and its 200-day moving average is C$4.06. The firm has a market capitalization of C$208.98 million, a P/E ratio of 8.98, a P/E/G ratio of -4.32 and a beta of 0.86.

Maxim Power (TSE:MXG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$17.01 million during the quarter. Maxim Power had a net margin of 28.02% and a return on equity of 8.83%. As a group, sell-side analysts anticipate 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.