Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.55 and last traded at C$0.55, with a volume of 557200 shares. The stock had previously closed at C$0.62.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on LGN. Scotiabank lowered their price objective on Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th. Cormark raised Logan Energy to a "moderate buy" rating in a report on Thursday, March 20th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Logan Energy presently has a consensus rating of "Buy" and an average target price of C$1.50.
Read Our Latest Research Report on LGN
Logan Energy Stock Performance
The stock has a market cap of C$346.75 million and a PE ratio of 17.35. The company's 50-day moving average price is C$0.65 and its 200 day moving average price is C$0.71.
Insider Activity
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 bought at an average price of C$0.52 per share, with a total value of C$26,000.00. Insiders own 22.85% of the company's stock.
About Logan Energy
(
Get Free Report)
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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