Brendan Archibald Paton Buys 50,000 Shares of Logan Energy Corp. (CVE:LGN) Stock

Logan Energy Corp. (CVE:LGN) Senior Officer Brendan Archibald Paton bought 50,000 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of C$0.52 per share, with a total value of C$26,000.00.

Logan Energy Stock Down 1.9 %

CVE LGN opened at C$0.52 on Wednesday. The company has a 50-day moving average price of C$0.65 and a 200-day moving average price of C$0.72. Logan Energy Corp. has a 52 week low of C$0.49 and a 52 week high of C$0.97. The firm has a market capitalization of C$300.52 million and a P/E ratio of 15.04.

Wall Street Analysts Forecast Growth

LGN has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a report on Thursday, March 20th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$1.50.

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.