Logan Energy (CVE:LGN) Hits New 1-Year High - Should You Buy?

Key Points

• Logan Energy Corp. shares have reached a new 52-week high at C$0.86, signaling strong market interest and activity with over 1.14 million shares traded.
• Analysts from Roth Capital have set a price objective of C$1.20 with a "buy" rating, contributing to a consensus rating of "Strong Buy" and a target price of C$1.49.
• The company, which focuses on the exploration and production of crude oil and natural gas, has a market capitalization of C$488.45 million and a substantial beta of 5.15, indicating high volatility.

Logan Energy Corp. (CVE:LGN - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$0.86 and last traded at C$0.85, with a volume of 1144058 shares traded. The stock had previously closed at C$0.80.

Analyst Upgrades and Downgrades

Separately, Roth Capital set a C$1.20 price objective on shares of Logan Energy and gave the stock a "buy" rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy" and a consensus target price of C$1.49.

Logan Energy Stock Performance

The company has a market capitalization of C$488.45 million, a price-to-earnings ratio of 20.50 and a beta of 5.15. The business's 50-day simple moving average is C$0.76 and its 200-day simple moving average is C$0.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.