Maxim Power (TSE:MXG) Reaches New 1-Year Low – Here’s What Happened

Maxim Power Corp. (TSE:MXG) reached a new 52-week low during trading on Wednesday. The stock traded as low as C$4.00 and last traded at C$4.00, with a volume of 20,186 shares traded. The stock had previously closed at C$4.05.

Maxim Power Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.35 and a current ratio of 5.71. The company has a market capitalization of C$256.39 million, a P/E ratio of 26.93, a P/E/G ratio of -4.32 and a beta of 0.97. The firm’s fifty day moving average is C$4.14 and its 200 day moving average is C$4.25.

Maxim Power (TSE:MXG) last announced its earnings results on Thursday, August 6th. The company reported C($0.05) earnings per share (EPS) for the quarter. Maxim Power had a net margin of 13.58% and a return on equity of 2.95%. The business had revenue of C$16.06 million for the quarter. As a group, analysts predict 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.