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Wescan Energy
(WCE)
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Rating:56Neutral
Price Target:
C$0.13
▲(34.00% Upside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by financial performance: despite a TTM operational rebound, leverage remains elevated and free cash flow is negative, which is a key risk in a cyclical E&P business. Technicals are supportive with positive momentum and price strength versus key moving averages, while valuation is neutral with a mid-range P/E and no dividend data.
Positive Factors
Revenue and profit rebound
The TTM revenue increase and return to positive net income indicate a meaningful recovery in operating performance and demand for produced hydrocarbons. If sustained, this improvement can strengthen earnings capacity and provide a better base for reinvestment over the next several quarters.
Negative Factors
Debt-heavy balance sheet
Although leverage declined from the prior annual period, debt remains high relative to equity for a cyclical E&P business. This structure leaves Wescan more exposed to commodity-price and cash-flow swings, while interest and repayment obligations can restrict investment flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit rebound
The TTM revenue increase and return to positive net income indicate a meaningful recovery in operating performance and demand for produced hydrocarbons. If sustained, this improvement can strengthen earnings capacity and provide a better base for reinvestment over the next several quarters.
Read all positive factors
Wescan Energy (WCE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.87M
Dividend YieldN/A
Average Volume (3M)34.39K
Price to Earnings (P/E)22.0
Beta (1Y)0.89
Revenue Growth50.89%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.01
Shares Outstanding45,147,957
10 Day Avg. Volume66,732
30 Day Avg. Volume34,386
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)4.98
Price to Sales (P/S)1.05
P/FCF Ratio-7.05
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
Wescan Energy’s primary source of revenue is the sale of produced hydrocarbons—crude oil and natural gas (and potentially natural gas liquids, if produced)—from its upstream properties. Cash flow is generated by producing volumes from wells in whi...
Wescan Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
46
Neutral
Cash Flow
38
Negative
| Breakdown | Jun 2026 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.23M | 4.03M | 3.00M | 1.50M | 742.15K |
| Gross Profit | 2.32M | 2.63M | 363.83K | 1.03M | 8.47M |
| EBITDA | 1.18M | 364.52K | 586.18K | 400.37K | 703.57K |
| Net Income | -452.65K | -799.97K | -187.15K | 60.46K | 432.81K |
Balance Sheet | |||||
| Total Assets | 6.60M | 5.84M | 7.04M | 5.83M | 5.33M |
| Cash, Cash Equivalents and Short-Term Investments | 88.45K | 19.20K | 440.57K | 468.30K | 376.01K |
| Total Debt | 3.02M | 1.97M | 1.62M | 1.04M | 754.50K |
| Total Liabilities | 5.70M | 4.55M | 5.60M | 4.43M | 4.17M |
| Stockholders Equity | 896.88K | 1.30M | 1.44M | 1.40M | 1.15M |
Cash Flow | |||||
| Free Cash Flow | -632.51K | 436.48K | -1.26M | -88.24K | -260.31K |
| Operating Cash Flow | 1.06M | 587.16K | 550.88K | -88.24K | -260.31K |
| Investing Cash Flow | -1.70M | -163.05K | -1.40M | 0.00 | 0.00 |
| Financing Cash Flow | 701.76K | -424.72K | 826.04K | 180.53K | 219.32K |
Wescan Energy Technical Analysis
Positive
0.10
Price Trends
0.10
Positive
0.11
Positive
0.09
Positive
Market Momentum
<0.01
Negative
70.93
Negative
100.00
Negative
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 0.1 is below the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.10, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.93 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$5.87M | 22.03 | 24.45% | ― | 50.89% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | C$4.95M | -8.00 | 16.77% | ― | ― | -28.95% | |
32 Underperform | C$2.10M | -0.67 | -94.36% | ― | ― | ― | |
27 Underperform | C$3.34M | -1.16 | 74.77% | ― | ― | ― |
* General Sector Average
TSE:WCE
Wescan Energy
0.13
0.09
188.89%
TSE:CTA
Centaurus Energy
1.25
-1.25
-50.00%
TSE:JEC
Jura Energy
0.10
0.08
375.00%
TSE:PNN
Pennine Petroleum
0.06
0.00
0.00%
TSE:OIL
Permex Petroleum Corporation
3.81
-1.19
-23.80%
TSE:SQX
Squatex Energy and Ressources Inc
0.04
0.02
100.00%
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.