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Maxim Power (TSE:MXG) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Maxim Power logo with Utilities background

Shares of Maxim Power Corp. (TSE:MXG - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Maxim Power Stock Up 1.0 %

The business's fifty day simple moving average is C$3.89 and its two-hundred day simple moving average is C$4.06. The company has a debt-to-equity ratio of 26.05, a current ratio of 4.44 and a quick ratio of 4.35. The company has a market cap of C$208.98 million, a PE ratio of 8.98, a PEG ratio of -4.32 and a beta of 0.86.

Maxim Power (TSE:MXG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$17.01 million during the quarter. Maxim Power had a return on equity of 8.83% and a net margin of 28.02%. On average, analysts predict that Maxim Power Corp. will post 0.0712303 earnings per share for the current year.

About Maxim Power

(Get Free Report)

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.

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