Logan Energy (CVE:LGN) Sets New 1-Year High – Time to Buy?

Logan Energy Corp. (CVE:LGN)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$0.98 and last traded at C$0.95, with a volume of 1107540 shares traded. The stock had previously closed at C$0.96.

Analyst Ratings Changes

LGN has been the subject of several recent research reports. Canadian Imperial Bank of Commerce upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Scotiabank raised shares of Logan Energy to a “strong-buy” rating in a report on Thursday, March 12th. Finally, ATB Cormark Capital Markets upgraded shares of Logan Energy to a “moderate buy” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of C$1.21.

Logan Energy Price Performance

The firm has a market capitalization of C$559.93 million, a PE ratio of 23.50 and a beta of 5.15. The business’s 50 day moving average is C$0.82 and its two-hundred day moving average is C$0.81.

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.