Maxim Power (TSE:MXG) Reaches New 12-Month Low – What’s Next?

Maxim Power Corp. (TSE:MXG)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.10 and last traded at C$4.10, with a volume of 4404 shares. The stock had previously closed at C$4.25.

Maxim Power Stock Up 2.3%

The company has a market cap of C$279.70 million, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of -4.32 and a beta of 1.22. The company’s fifty day moving average price is C$4.40 and its two-hundred day moving average price is C$4.42.

Maxim Power (TSE:MXG) last posted its quarterly earnings data on Friday, March 20th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$20.31 million during the quarter. Maxim Power had a net margin of 16.95% and a return on equity of 4.02%. Research analysts forecast 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.