Maxim Power (TSE:MXG) Posts Earnings Results

Maxim Power (TSE:MXG) announced its quarterly earnings results on Thursday. The company reported C($0.05) earnings per share for the quarter, FiscalAI reports. Maxim Power had a net margin of 16.95% and a return on equity of 4.02%. The firm had revenue of C$16.06 million for the quarter.

Maxim Power Stock Performance

Shares of MXG opened at C$4.12 on Friday. The company has a market cap of C$261.90 million, a price-to-earnings ratio of 19.62, a P/E/G ratio of -4.32 and a beta of 1.06. The business’s fifty day simple moving average is C$4.28 and its two-hundred day simple moving average is C$4.36. Maxim Power has a 12 month low of C$4.00 and a 12 month high of C$4.92. The company has a current ratio of 2.98, a quick ratio of 4.35 and a debt-to-equity ratio of 0.08.

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.