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WesCan Energy

WCE.V
19
Oil & Gas Exploration & Production · Energy
Price
C$0.09
+0.00 (+0.00%)
Market Cap
C$4.0M
Exchange
Toronto Stock Exchange Ventures
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+21.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 36.8M (2022) → 44.6M (2026)

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 States, notably holding interests in hydrocarbon assets situated in east-central Alberta. The company, established in 1993, maintains its corporate headquarters in Calgary, Canada. Previously known as Great Pacific International Inc., it adopted the name WesCan Energy Corp. in October 2012.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+67.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+60.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Cash Position

Cash flow positive

$88,452 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

WesCan Energy grew revenue 68% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
47.7%
Healthy — 47.7% gross margin
Operating Margin
-1.4%
Losing money on operations — -1.4%
ROCE
-0.5%
Weak — -0.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-2.3%
Shrinking sales (-2.3% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-16.0%
Burning cash (-16.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
3.37
Heavy debt load (3.37)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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