Logan Energy (CVE:LGN) Hits New 12-Month Low – Time to Sell?

Logan Energy Corp. (CVE:LGN)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.73 and last traded at C$0.73, with a volume of 1437575 shares traded. The stock had previously closed at C$0.75.

Analyst Ratings Changes

Several brokerages recently issued reports on LGN. CIBC decreased their price target on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a report on Tuesday, October 8th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. National Bankshares set a C$1.50 price target on Logan Energy and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Logan Energy has an average rating of “Buy” and an average target price of C$1.41.

Logan Energy Stock Performance

The company has a market cap of C$373.82 million and a P/E ratio of -89.50. The firm has a 50 day moving average price of C$0.78 and a two-hundred day moving average price of C$0.82.

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.