WesCan Energy (CVE:WCE) Hits New 12-Month High – Still a Buy?

WesCan Energy Corp. (CVE:WCE) hit a new 52-week high on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 245400 shares changing hands. The stock had previously closed at C$0.08.

WesCan Energy Stock Down 5.9%

The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 156.82. The stock’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The company has a market cap of C$3.57 million, a P/E ratio of -4.00 and a beta of -0.01.

About WesCan Energy

WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Alberta, Canada; and Texas, the United States. It holds interests in petroleum and natural gas assets located in Alberta. The company was formerly known as Great Pacific International Inc and changed its name to WesCan Energy Corp. in October 2012. WesCan Energy Corp. was incorporated in 1993 and is headquartered in Calgary, Canada.