Logan Energy (CVE:LGN) Hits New 52-Week Low - Time to Sell?

Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$0.65 and last traded at C$0.68, with a volume of 517217 shares. The stock had previously closed at C$0.70.

Analyst Ratings Changes

A number of brokerages have issued reports on LGN. Scotiabank cut their price objective on shares of Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th. Cormark upgraded shares of Logan Energy to a "moderate buy" rating in a research report on Thursday, October 24th. Finally, CIBC decreased their target price on shares of Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating on the stock in a report on Tuesday, October 8th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Logan Energy currently has a consensus rating of "Buy" and a consensus target price of C$1.50.

Logan Energy Price Performance

The stock has a market cap of C$373.82 million and a PE ratio of -89.50. The business has a 50 day simple moving average of C$0.72 and a 200 day simple moving average of C$0.78.

About Logan Energy

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.