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

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Scotiabank raised Logan Energy to a “strong-buy” rating in a report on Friday, June 26th. National Bank Financial lifted their target price on Logan Energy from C$1.50 to C$1.75 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$1.35.

Logan Energy Stock Performance

The stock’s fifty day simple moving average is C$0.90 and its 200-day simple moving average is C$0.88. The stock has a market cap of C$715.78 million, a P/E ratio of 25.87 and a beta of -0.06.

About Logan Energy

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.