Logan Energy (CVE:LGN) Hits New 12-Month Low – What’s Next?

Logan Energy Corp. (CVE:LGN) reached 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 traded. The stock had previously closed at C$0.62.

Analyst Ratings Changes

A number of research firms recently commented on LGN. Scotiabank reduced their target price on Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Cormark upgraded Logan Energy to a “moderate buy” rating in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$1.50.

Logan Energy Price Performance

The firm’s 50 day simple moving average is C$0.66 and its two-hundred day simple moving average is C$0.72. The firm has a market capitalization of C$317.85 million and a P/E ratio of 15.91.

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.