TSX-V

WesCan Energy Corp.

WCE.V•Energy•Oil & Gas E&P
Current Price
$0.14
Today's Change
-3.45%
Market Cap
$6.32M
Volume
67.60K
🛢️

Commodity Exposure

Crude Oil

Current Price
$98.41/barrel
+1.30% today
💡

Industry Context

Energy companies are highly sensitive to oil prices. Every $10/barrel change can impact operating margins by 15-25%.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

WesCan Energy Corp. is a junior resource company focused on the exploration and production of oil and gas in Canada and the U.S. The company shows strong gross (51.2%) and EBITDA margins (43.2%), indicating efficient operations, but its low net margin (0.8%) and minimal returns on equity (0.9%) raise concerns about profitability. Additionally, a current ratio of 0.31 suggests liquidity issues, while a high debt-to-equity ratio of 3.31 indicates significant leverage, which could pose risks in a volatile market. Overall, while operational efficiency is evident, financial health remains a concern.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.15
52 Week Low$0.05
Avg Volume41.70K
Beta-1.34
Shares Outstanding45.15M

🔥 Valuation

Market Cap$6.32M
Enterprise Value$8.81M
P/E Ratio23.73
EV/EBITDA ⚠️17.14x
Dividend Yield0.00%

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🚩 Red Flags

🟠

Significant Losses

Company posted a loss of $-628K over the last year, representing 18.1% of revenue.

🟠

High Debt Load

Debt of $3.3M is 34.0x the company's cash position of $97K.

🟡

Revenue Softening

Revenue decreased 14.0% year-over-year from $4.0M to $3.5M.

🟡

Margin Pressure

Gross profit margin decreased from 64.3% to 57.4% compared to last year.

🟡

Rising Debt

Debt increased 57.3% from $2.1M to $3.3M while revenue growth remained modest.

🌟 Opportunities

🚀

Operating margin expanded by 11.0pp, demonstrating strong operational leverage.

💪

Strong gross margin of 57.4% reflects healthy unit economics.

💪

Strong cash flow conversion with 19.3% of revenue converting to operating cash.

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