Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) fell 0.7% during mid-day trading on Friday . The stock traded as low as C$0.75 and last traded at C$0.75. 387,471 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 221,174 shares. The stock had previously closed at C$0.75.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. National Bank Financial upgraded shares of Logan Energy to a "strong-buy" rating in a research note on Thursday, October 3rd. CIBC reduced their price objective on Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating for the company in a research report on Tuesday, October 8th. National Bankshares set a C$1.50 target price on Logan Energy and gave the stock an "outperform" rating in a research report on Friday, October 4th. Finally, Cormark upgraded Logan Energy to a "moderate buy" rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$1.41.
Get Our Latest Stock Report on LGN
Logan Energy Stock Down 0.7 %
The stock has a market cap of C$397.85 million and a P/E ratio of -89.50. The firm has a 50 day moving average price of C$0.78 and a 200 day moving average price of C$0.83.
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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