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% on Thursday . The company traded as high as C$0.99 and last traded at C$0.98. 1,617,846 shares were traded during mid-day trading, an increase of 146% from the average daily volume of 656,415 shares. The stock had previously closed at C$0.93.

Analysts Set New Price Targets

Several research firms recently commented 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 research note on Tuesday, July 7th. Scotiabank raised shares of Logan Energy to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Logan Energy presently has a consensus rating of “Strong Buy” and a consensus price target of C$1.35.

Logan Energy Stock Up 6.5%

The firm has a fifty day moving average price of C$0.90 and a two-hundred day moving average price of C$0.87. The stock has a market capitalization of C$684.66 million, a P/E ratio of 24.75 and a beta of -0.06.

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.