Maxim Power (TSE:MXG) Hits New 52-Week Low – Here’s Why

Maxim Power Corp. (TSE:MXG) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$4.11 and last traded at C$4.17, with a volume of 21636 shares traded. The stock had previously closed at C$4.26.

Maxim Power Price Performance

The company has a market capitalization of C$274.63 million, a P/E ratio of 20.57, a PEG ratio of -4.32 and a beta of 1.22. The stock’s fifty day simple moving average is C$4.41 and its 200-day simple moving average is C$4.43.

Maxim Power (TSE:MXG) last posted its quarterly earnings results on Friday, March 20th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$20.31 million for the quarter. Maxim Power had a net margin of 16.95% and a return on equity of 4.02%. On average, research analysts predict that Maxim Power Corp. will post 0.0712303 earnings per share for the current 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.