Maxim Power (TSE:MXG) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Maxim Power Corp. (TSE:MXGGet Free Report)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.49 and traded as low as C$4.55. Maxim Power shares last traded at C$4.56, with a volume of 21,565 shares.

Maxim Power Stock Performance

The company has a market cap of C$292.79 million, a P/E ratio of 5.57, a price-to-earnings-growth ratio of -4.32 and a beta of 0.86. The company has a quick ratio of 4.35, a current ratio of 5.00 and a debt-to-equity ratio of 25.03. The company’s 50-day moving average is C$5.43 and its two-hundred day moving average is C$4.95.

Maxim Power Company Profile

(Get Free Report)

Maxim Power Corp., an independent power producer, acquires or develops, owns, and operates power and power related projects in Alberta, Canada. It operates Milner power plant, a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta. The company was founded in 2010 and is headquartered in Calgary, Canada.

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