Logan Energy (CVE:LGN) Hits New 1-Year High – Here’s What Happened

Logan Energy Corp. (CVE:LGN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.03 and last traded at C$1.03, with a volume of 3005484 shares changing hands. The stock had previously closed at C$0.99.

Analyst Ratings Changes

LGN has been the topic of a number of recent analyst reports. National Bank Financial boosted their price target on Logan Energy from C$1.50 to C$1.75 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Scotiabank raised Logan Energy to a “strong-buy” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Logan Energy has an average rating of “Strong Buy” and a consensus target price of C$1.35.

Logan Energy Trading Up 4.5%

The company has a market cap of C$715.78 million, a price-to-earnings ratio of 25.87 and a beta of -0.06. The business’s 50 day moving average price is C$0.90 and its 200-day moving average price is C$0.88.

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.