Logan Energy (CVE:LGN) Stock Price Up 5.9% – Here’s What Happened

Logan Energy Corp. (CVE:LGN) traded up 5.9% on Thursday . The stock traded as high as C$0.99 and last traded at C$0.98. Approximately 1,617,846 shares were traded during trading, an increase of 146% from the average session volume of 656,415 shares. The stock had previously closed at C$0.93.

Analysts Set New Price Targets

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

Logan Energy Price Performance

The stock’s 50-day moving average price is C$0.90 and its 200 day moving average price is C$0.88. The firm has a market capitalization of C$657.00 million, a PE ratio of 23.75 and a beta of -0.06.

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.