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

by · The Cerbat Gem

Logan Energy Corp. (CVE:LGN – Get Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$0.55 and last traded at C$0.55, with a volume of 557200 shares changing hands. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

LGN has been the subject of several research reports. Scotiabank decreased their price objective on shares of Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$1.50.

Check Out Our Latest Report on Logan Energy

Logan Energy Price Performance

The firm has a market cap of C$317.85 million and a PE ratio of 15.91. The firm has a 50-day simple moving average of C$0.66 and a 200 day simple moving average of C$0.72.

Logan Energy Company Profile

(Get Free Report)

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.

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