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An update from Logan Energy Corp ( (TSE:LGN) ) is now available.
Logan Energy Corp. has announced the sale of a 2.5% gross overriding royalty and a 35% non-operated working interest in its Pouce Coupe facility to Topaz Energy Corp., generating $43 million in proceeds. This strategic move enhances Logan’s liquidity and financial flexibility, allowing it to continue its growth strategy and explore new opportunities while maintaining control over its operations and minimizing impact on its financial forecasts.
More about Logan Energy Corp
Logan Energy Corp. operates in the energy sector, focusing on natural gas and oil production. The company engages in developing and monetizing energy infrastructure and assets in the Pouce Coupe area.
YTD Price Performance: -4.86%
Average Trading Volume: 349,401
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$395.9M
Find detailed analytics on LGN stock on TipRanks’ Stock Analysis page.