Maxim Power (TSE:MXG) Reaches New 12-Month Low – Here’s Why

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

Maxim Power Stock Down 0.5%

The stock has a market capitalization of C$268.89 million, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of -4.32 and a beta of 1.22. The firm has a 50-day moving average of C$4.40 and a two-hundred day moving average of C$4.42.

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

Maxim Power Company Profile

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.