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

Logan Energy Corp. (CVE:LGN - Get Free Report) Senior Officer Brendan Archibald Paton acquired 50,000 shares of Logan Energy stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of C$0.52 per share, for a total transaction of C$26,000.00.

Logan Energy Trading Down 3.6 %

Shares of LGN stock opened at C$0.53 on Tuesday. The business's 50-day moving average price is C$0.66 and its 200-day moving average price is C$0.72. Logan Energy Corp. has a 12 month low of C$0.49 and a 12 month high of C$0.97. The firm has a market capitalization of C$306.30 million and a price-to-earnings ratio of 15.33.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cormark raised shares of Logan Energy to a "moderate buy" rating in a report on Thursday, March 20th. Scotiabank dropped their price objective on shares of Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$1.50.

Read Our Latest Stock Analysis on LGN

Logan Energy Company Profile

(Get Free Report)

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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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