Logan Energy (CVE:LGN) Stock Price Up 1.1% – What’s Next?

Logan Energy Corp. (CVE:LGN) shares rose 1.1% on Wednesday . The stock traded as high as C$0.93 and last traded at C$0.91. Approximately 375,732 shares traded hands during trading, a decline of 41% from the average daily volume of 631,642 shares. The stock had previously closed at C$0.90.

Analyst Ratings Changes

LGN has been the topic of several research reports. ATB Cormark Capital Markets upgraded shares of Logan Energy to a “moderate buy” rating in a report on Tuesday, February 17th. Scotiabank upgraded shares of Logan Energy to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of C$1.21.

Logan Energy Price Performance

The company’s fifty day moving average price is C$0.93 and its 200 day moving average price is C$0.87. The company has a market cap of C$608.59 million, a PE ratio of 22.00 and a beta of 5.15.

Logan Energy Company Profile

Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.