Logan Energy (CVE:LGN) Trading Down 3.3%

Logan Energy Corp. (CVE:LGN) dropped 3.3% during mid-day trading on Tuesday . The stock traded as low as C$0.87 and last traded at C$0.87. Approximately 157,472 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 244,858 shares. The stock had previously closed at C$0.90.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LGN. Scotiabank upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th. BMO Capital Markets set a C$1.25 target price on shares of Logan Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, TD Securities lifted their target price on shares of Logan Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a buy rating and one has 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 price target of C$1.55.

Logan Energy Trading Down 3.3 %

The firm’s fifty day moving average is C$0.87 and its 200-day moving average is C$0.86.

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.