Logan Energy (CVE:LGN) Stock Price Up 5.9% – Here’s What Happened

Logan Energy Corp. (CVE:LGN)’s stock price traded up 5.9% during trading on Thursday . The company traded as high as C$0.99 and last traded at C$0.98. Approximately 1,617,846 shares were traded during trading, an increase of 146% from the average daily volume of 656,415 shares. The stock had previously closed at C$0.93.

Analyst Ratings Changes

A number of brokerages recently weighed in on LGN. National Bank Financial boosted their price objective on shares of Logan Energy from C$1.50 to C$1.75 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Scotiabank raised Logan Energy to a “strong-buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, Logan Energy has an average rating of “Strong Buy” and an average target price of C$1.35.

Logan Energy Price Performance

The company has a market cap of C$684.66 million, a P/E ratio of 24.75 and a beta of -0.06. The stock’s 50-day moving average is C$0.90 and its two-hundred day moving average is 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.