Maxim Power (TSE:MXG) Reaches New 12-Month Low – Should You Sell?

Maxim Power Corp. (TSE:MXG) hit a new 52-week low during mid-day trading on Wednesday. The company 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 Stock Performance

The stock has a market cap of C$253.22 million, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of -4.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.71 and a quick ratio of 4.35. The stock’s 50-day moving average is C$4.14 and its 200-day moving average is C$4.26.

Maxim Power (TSE:MXG) last issued its quarterly earnings results on Thursday, August 6th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$16.06 million during the quarter. Maxim Power had a net margin of 13.58% and a return on equity of 2.95%. Analysts anticipate that Maxim Power Corp. will post 0.07 EPS 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.