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

Logan Energy Corp. (CVE:LGN) shares 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 were traded 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 Upgrades and Downgrades

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

Logan Energy Stock Performance

The firm has a market cap of C$629.33 million, a P/E ratio of 22.75 and a beta of 5.15. The stock has a fifty day simple moving average of C$0.93 and a 200 day simple moving average of C$0.87.

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.