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Wescan Energy
(WCE)
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Rating:43Neutral
Price Target:
C$0.13
▲(116.67% Upside)
Action:Reiterated
Date:04/16/26
The score is primarily held down by weak financial performance: ongoing losses, sharply higher leverage, and negative free cash flow. Technicals are comparatively better with a positive trend and neutral momentum, but valuation remains a headwind due to a very high P/E and no stated dividend yield.
Positive Factors
Gross Margin
A ~49% gross margin indicates the company's core extraction and production economics are healthy. Durable gross profitability provides room to absorb SG&A and exploration costs, improving odds of returning to net profitability if operating costs and commodity realizations stabilize.
Negative Factors
High Leverage
Debt at roughly 3.7x equity materially elevates financial risk and interest burden. With higher leverage, the company has less flexibility for capex or downturns, and refinancing or covenant pressures become structural threats if profitability does not recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin
A ~49% gross margin indicates the company's core extraction and production economics are healthy. Durable gross profitability provides room to absorb SG&A and exploration costs, improving odds of returning to net profitability if operating costs and commodity realizations stabilize.
Read all positive factors
Wescan Energy (WCE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.80M
Dividend YieldN/A
Average Volume (3M)30.68K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth-7.02%
EPS Growth-35.24%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding44,662,956
10 Day Avg. Volume28,000
30 Day Avg. Volume30,685
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.24
Price to Sales (P/S)0.81
P/FCF Ratio-4.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wescan Energy Business Overview & Revenue Model
Company Description
As a publicly traded junior resource company, WesCan Energy Corp. is actively involved in the exploration, development, and production of oil and natural gas properties. Its operational focus spans Alberta, Canada, and Texas within the United Stat...
How the Company Makes Money
null...
Wescan Energy Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
27
Negative
Cash Flow
34
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.36M | 4.03M | 3.00M | 1.50M | 742.15K | 1.41M |
| Gross Profit | 1.16M | 2.63M | 363.83K | 1.03M | 8.47M | 855.45K |
| EBITDA | 687.56K | 364.52K | 586.18K | 400.37K | 703.57K | -2.52M |
| Net Income | -628.23K | -799.97K | -187.15K | 60.46K | 432.81K | -2.95M |
Balance Sheet | ||||||
| Total Assets | 6.86M | 5.84M | 7.04M | 5.83M | 5.33M | 4.40M |
| Cash, Cash Equivalents and Short-Term Investments | 97.10K | 19.20K | 440.57K | 468.30K | 376.01K | 417.00K |
| Total Debt | 3.30M | 1.97M | 1.62M | 1.04M | 754.50K | 693.14K |
| Total Liabilities | 5.86M | 4.55M | 5.60M | 4.43M | 4.17M | 3.86M |
| Stockholders Equity | 997.31K | 1.30M | 1.44M | 1.40M | 1.15M | 547.95K |
Cash Flow | ||||||
| Free Cash Flow | -875.04K | 436.48K | -1.26M | -88.24K | -260.31K | -33.52K |
| Operating Cash Flow | 667.46K | 587.16K | 550.88K | -88.24K | -260.31K | -30.27K |
| Investing Cash Flow | -1.55M | -163.05K | -1.40M | 0.00 | 0.00 | -3.25K |
| Financing Cash Flow | 885.35K | -424.72K | 826.04K | 180.53K | 219.32K | -77.94K |
Wescan Energy Technical Analysis
Positive
0.06
Price Trends
0.11
Negative
0.10
Negative
0.09
Positive
Market Momentum
>-0.01
Negative
48.22
Neutral
-16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WCE, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.11, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of -16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WCE.
Wescan Energy Peers Comparison
UnderperformOutperform
Sector (55)
TSE:WCE
Wescan Energy
0.09
0.02
38.46%
TSE:CTA
Centaurus Energy
2.10
-0.40
-16.00%
TSE:JEC
Jura Energy
0.05
0.03
150.00%
TSE:PNN
Pennine Petroleum
0.06
0.00
0.00%
TSE:OIL
Permex Petroleum Corporation
3.81
-0.59
-13.41%
TSE:SQX
Squatex Energy and Ressources Inc
0.05
>-0.01
-16.67%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.