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

Maxim Power Corp. (TSE:MXG) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$6.53 and last traded at C$6.38, with a volume of 28504 shares trading hands. The stock had previously closed at C$6.10.

Maxim Power Price Performance

The company’s 50-day simple moving average is C$5.49 and its 200 day simple moving average is C$4.53. The company has a market capitalization of C$321.31 million, a P/E ratio of 13.80, a P/E/G ratio of -4.32 and a beta of 0.86. The company has a quick ratio of 4.35, a current ratio of 4.44 and a debt-to-equity ratio of 26.05.

Maxim Power (TSE:MXG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$25.66 million during the quarter. Maxim Power had a net margin of 28.02% and a return on equity of 8.83%. As a group, sell-side analysts expect 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.