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Wescan Energy
(WCE)
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Rating:53Neutral
Price Target:
C$0.14
▲(37.00% Upside)
Action:Reiterated
Date:09/22/26
The score is held back primarily by weak cash-flow quality (negative free cash flow) and a leveraged balance sheet despite improved TTM profitability. Technicals provide moderate support with price above key longer-term moving averages and a positive MACD, while valuation appears neutral with a mid-range P/E and no dividend yield data.
Positive Factors
Revenue and Profitability Rebound
The TTM recovery shows renewed demand and operating traction, with revenue growth accompanied by a return to positive earnings. If production and realized pricing remain supportive, this improvement can strengthen the company’s ability to fund operations and rebuild financial resilience over the next several quarters.
Negative Factors
Negative Free Cash Flow
Negative free cash flow means reported profitability is not currently converting into cash available for debt reduction, asset development, or other corporate needs. The sharp deterioration increases reliance on external funding or asset transactions and weakens the durability of the recent earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Rebound
The TTM recovery shows renewed demand and operating traction, with revenue growth accompanied by a return to positive earnings. If production and realized pricing remain supportive, this improvement can strengthen the company’s ability to fund operations and rebuild financial resilience over the next several quarters.
Read all positive factors
Wescan Energy (WCE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.09M
Dividend YieldN/A
Average Volume (3M)54.17K
Price to Earnings (P/E)22.9
Beta (1Y)0.84
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. Volume54,329
30 Day Avg. Volume54,166
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
0.12
Positive
0.11
Positive
0.10
Positive
Market Momentum
<0.01
Positive
55.42
Neutral
71.43
Neutral
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 0.14, below the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$6.09M | 22.88 | 24.45% | ― | 50.89% | ― | |
43 Neutral | C$7.43M | -12.00 | 16.77% | ― | ― | -28.95% | |
32 Underperform | C$2.10M | -0.65 | -94.36% | ― | ― | ― | |
27 Underperform | C$3.34M | -1.16 | 74.77% | ― | ― | ― |
* General Sector Average
TSE:WCE
Wescan Energy
0.14
0.06
68.75%
TSE:CTA
Centaurus Energy
2.00
-0.50
-20.00%
TSE:JEC
Jura Energy
0.09
0.07
325.00%
TSE:PNN
Pennine Petroleum
0.06
0.00
0.00%
TSE:OIL
Permex Petroleum Corporation
3.81
-0.99
-20.62%
TSE:SQX
Squatex Energy and Ressources Inc
0.06
0.04
200.00%
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.