Logan Energy (CVE:LGN) Shares Down 0.6% – Here’s What Happened

Logan Energy Corp. (CVE:LGN) shares traded down 0.6% during trading on Wednesday . The stock traded as low as C$0.79 and last traded at C$0.80. 529,030 shares traded hands during trading, an increase of 25% from the average session volume of 423,972 shares. The stock had previously closed at C$0.81.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. ATB Capital set a C$1.20 price objective on shares of Logan Energy and gave the company an “outperform” rating in a research report on Monday, December 8th. Atb Cap Markets raised shares of Logan Energy to a “strong-buy” rating in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$1.38.

Logan Energy Stock Up 1.3%

The company’s 50 day simple moving average is C$0.83 and its 200-day simple moving average is C$0.77. The firm has a market cap of C$476.54 million, a P/E ratio of 20.00 and a beta of 5.15.

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.