WesCan Energy (CVE:WCE) Trading Up 25% – Here’s Why

WesCan Energy Corp. (CVE:WCE)’s stock price was up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 227,000 shares changed hands during mid-day trading, an increase of 337% from the average daily volume of 51,985 shares. The stock had previously closed at C$0.08.

WesCan Energy Stock Performance

The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.07. 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 firm has a market cap of C$4.91 million, a PE ratio of -5.50 and a beta of -0.01.

WesCan Energy Company Profile

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.