Maxim Power (TSE:MXG) Reaches New 52-Week High – Time to Buy?

Maxim Power Corp. (TSE:MXG) shares reached a new 52-week high on Friday . The stock traded as high as C$5.40 and last traded at C$5.40, with a volume of 4027 shares changing hands. The stock had previously closed at C$5.30.

Maxim Power Stock Up 1.9 %

The company has a debt-to-equity ratio of 26.05, a current ratio of 4.44 and a quick ratio of 4.35. The firm’s fifty day moving average price is C$4.82 and its two-hundred day moving average price is C$4.25. The stock has a market cap of C$273.24 million, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of -4.32 and a beta of 0.86.

Maxim Power (TSE:MXG) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.18 EPS for the quarter. Maxim Power had a return on equity of 8.83% and a net margin of 28.02%. The firm had revenue of C$25.66 million during the quarter. Sell-side analysts forecast that Maxim Power Corp. will post 0.0712303 earnings per share for the current fiscal year.

About Maxim Power

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.