Logan Energy Corp. (CVE:LGN - Get Free Report) shares traded up 6.3% during mid-day trading on Tuesday . The company traded as high as C$0.68 and last traded at C$0.68. 189,744 shares traded hands during trading, a decline of 30% from the average session volume of 269,407 shares. The stock had previously closed at C$0.64.
Analysts Set New Price Targets
Separately, Cormark raised shares of Logan Energy to a "moderate buy" rating in a research report on Thursday, March 20th. Two analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus price target of C$1.58.
Check Out Our Latest Stock Report on LGN
Logan Energy Stock Performance
The firm has a 50-day moving average price of C$0.60 and a 200 day moving average price of C$0.66. The stock has a market capitalization of C$369.87 million and a P/E ratio of 18.51.
Insider Buying and Selling at Logan Energy
In other Logan Energy news, Senior Officer Brendan Archibald Paton bought 50,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of C$0.52 per share, for a total transaction of C$26,000.00. 22.85% of the stock is currently owned by corporate insiders.
Logan Energy Company Profile
(
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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.
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