Logan Energy Corp. (CVE:LGN – Get Free Report) shares traded down 1.2% during mid-day trading on Thursday . The stock traded as low as C$0.83 and last traded at C$0.83. Approximately 232,935 shares changed hands during trading, a decline of 64% from the average daily volume of 651,795 shares. The stock had previously closed at C$0.84.
Analysts Set New Price Targets
A number of brokerages recently commented on LGN. Canadian Imperial Bank of Commerce upgraded 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 Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Logan Energy presently has an average rating of “Strong Buy” and an average target price of C$1.21.
Check Out Our Latest Research Report on Logan Energy
Logan Energy Price Performance
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.
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