Logan Energy (CVE:LGN) Shares Up 0.9% - What's Next?

Logan Energy Corp. (CVE:LGN - Get Free Report)'s stock price shot up 0.9% during mid-day trading on Wednesday . The stock traded as high as C$0.59 and last traded at C$0.58. 1,013,013 shares were traded during trading, an increase of 228% from the average session volume of 308,439 shares. The stock had previously closed at C$0.58.

Analyst Ratings Changes

Separately, Cormark upgraded shares of Logan Energy to a "moderate buy" rating in a report on Thursday, March 20th.

Logan Energy Price Performance

The firm has a market capitalization of C$340.97 million and a price-to-earnings ratio of 17.06. The stock has a fifty day moving average of C$0.62 and a two-hundred day moving average of C$0.65.

Insiders Place Their Bets

In other Logan Energy news, Senior Officer Brendan Archibald Paton purchased 50,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of C$0.52 per share, for a total transaction of C$26,000.00. Insiders own 22.85% of the company's stock.

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.