Logan Energy (CVE:LGN) Shares Down 2.1% – Here’s What Happened

Shares of Logan Energy Corp. (CVE:LGN) traded down 2.1% during mid-day trading on Wednesday . The stock traded as low as C$0.92 and last traded at C$0.94. 1,369,953 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 660,801 shares. The stock had previously closed at C$0.96.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. ATB Cormark Capital Markets upgraded Logan Energy to a “moderate buy” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce upgraded 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 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. According to data from MarketBeat.com, Logan Energy has a consensus rating of “Strong Buy” and a consensus target price of C$1.21.

Logan Energy Stock Down 2.1%

The firm has a market capitalization of C$650.08 million, a PE ratio of 23.50 and a beta of 5.15. The business has a 50-day moving average price of C$0.95 and a 200-day moving average price of C$0.86.

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.