Logan Energy (CVE:LGN) Trading Down 1.9% - Here's Why

Key Points

• Logan Energy Corp. (CVE:LGN) saw a stock price decrease of 1.9%, trading at C$0.79 with a notable drop in trading volume.
• Analyst recommendations for Logan Energy include a buy rating from Roth Capital with a price target of C$1.20, contributing to an overall consensus rating of Strong Buy.
• The company's market capitalization stands at C$467.60 million with a PE ratio of 19.63 and significant stock volatility indicated by a beta of 5.15.

Logan Energy Corp. (CVE:LGN - Get Free Report) shares dropped 1.9% during trading on Friday . The company traded as low as C$0.79 and last traded at C$0.79. Approximately 207,194 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 339,961 shares. The stock had previously closed at C$0.80.

Analysts Set New Price Targets

Separately, Roth Capital set a C$1.20 price objective on Logan Energy and gave the company 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 issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average target price of C$1.49.

Logan Energy Trading Down 0.6%

The firm has a market cap of C$464.63 million, a PE ratio of 19.50 and a beta of 5.15. The business has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.65.

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.