Logan Energy (CVE:LGN) Sets New 52-Week High – What’s Next?

Logan Energy Corp. (CVE:LGN) shares reached a new 52-week high on Tuesday . The company traded as high as C$1.03 and last traded at C$1.01, with a volume of 521443 shares changing hands. The stock had previously closed at C$0.99.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LGN. Canadian Imperial Bank of Commerce upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Scotiabank upgraded shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, ATB Cormark Capital Markets raised 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 stock. According to MarketBeat, Logan Energy presently has a consensus rating of “Strong Buy” and an average price target of C$1.21.

Logan Energy Stock Performance

The firm has a market cap of C$698.49 million, a price-to-earnings ratio of 16.83 and a beta of 5.15. The business has a fifty day simple moving average of C$0.84 and a 200-day simple moving average of C$0.82.

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.