Logan Energy Corp. (CVE:LGN) Senior Officer Buys C$26,000.00 in Stock

Logan Energy Corp. (CVE:LGN) Senior Officer Brendan Archibald Paton acquired 50,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of C$0.52 per share, for a total transaction of C$26,000.00.

Logan Energy Trading Down 5.5 %

Shares of CVE LGN traded down C$0.03 during trading hours on Monday, reaching C$0.52. The stock had a trading volume of 529,084 shares, compared to its average volume of 305,685. The firm has a market cap of C$300.52 million and a price-to-earnings ratio of 15.04. Logan Energy Corp. has a fifty-two week low of C$0.49 and a fifty-two week high of C$0.97. The firm has a 50-day moving average of C$0.66 and a 200-day moving average of C$0.72.

Analyst Upgrades and Downgrades

LGN has been the subject of several analyst reports. Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, March 20th. Scotiabank lowered their price target on shares of Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th. Three 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.com, Logan Energy currently has an average rating of “Buy” and a consensus target price of C$1.50.

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.