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

Logan Energy Corp. (CVE:LGN)’s share price rose 1.1% during trading on Wednesday . The company traded as high as C$0.93 and last traded at C$0.91. Approximately 375,732 shares traded hands during mid-day 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 subject of a number of research analyst reports. ATB Cormark Capital Markets raised Logan Energy to a “moderate buy” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Scotiabank upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, Logan Energy has a consensus rating of “Strong Buy” and an average price target of C$1.21.

Logan Energy Trading Up 1.1%

The stock has a market capitalization of C$629.33 million, a PE ratio of 22.75 and a beta of 5.15. The stock has a 50 day moving average price of C$0.93 and a 200-day moving average price of C$0.87.

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.