Insider Buying: Logan Energy Corp. (CVE:LGN) Senior Officer Buys 50,000 Shares of Stock

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

Logan Energy Stock Down 5.5 %

Shares of LGN stock traded down C$0.03 during mid-day trading on Monday, hitting C$0.52. 529,084 shares of the company’s stock were exchanged, compared to its average volume of 305,685. The stock 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 stock has a 50-day simple moving average of C$0.66 and a two-hundred day simple moving average of C$0.72.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Cormark raised shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, March 20th. Scotiabank decreased their price objective on Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Logan Energy currently has a consensus rating of “Buy” and a consensus price target 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.