WesCan Energy (CVE:WCE) Trading 13% Higher – Still a Buy?

WesCan Energy Corp. (CVE:WCE)’s share price shot up 13% during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.13. 108,001 shares traded hands during trading, an increase of 4% from the average session volume of 103,416 shares. The stock had previously closed at C$0.12.

WesCan Energy Stock Up 13.0%

The stock has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.07. The company has a debt-to-equity ratio of 156.82, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of C$5.80 million, a P/E ratio of -6.50 and a beta of -1.38.

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.