Logan Energy (CVE:LGN) Reaches New 1-Year Low – Time to Sell?

Logan Energy Corp. (CVE:LGN) reached a new 52-week low during trading on Monday . The company traded as low as C$0.69 and last traded at C$0.71, with a volume of 16701 shares changing hands. The stock had previously closed at C$0.70.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LGN shares. National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. CIBC dropped their price objective on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Cormark raised Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Logan Energy presently has an average rating of “Buy” and an average price target of C$1.41.

Logan Energy Stock Performance

The stock has a market capitalization of C$373.82 million and a price-to-earnings ratio of -89.50. The firm has a 50-day moving average of C$0.76 and a 200-day moving average of C$0.82.

Logan Energy Company Profile

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.