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HPQ-Silicon Resources
(HPQ)
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Rating:50Neutral
Price Target:
C$0.13
▼(-7.14% Downside)
Action:Reiterated
Date:10/28/26
The score is held back primarily by weak operating performance and persistent cash burn (zero reported revenue, negative margins/EBIT, and negative operating/free cash flow), along with earnings-quality risk from net income not translating into cash. A strong, low-debt balance sheet provides a meaningful offset, while technicals remain soft and the very low P/E is less supportive given the underlying operating and cash-flow profile.
Positive Factors
Low Leverage
Exceptionally low leverage reduces solvency pressure and preserves financial flexibility. This gives HPQ more capacity to fund development, absorb operating volatility, or pursue commercialization without the burden of substantial debt service over the next several quarters.
Negative Factors
No Demonstrated Commercial Revenue
Revenue is reported at zero across all periods, indicating HPQ has not yet demonstrated meaningful commercial sales. Without an established revenue base, the company remains dependent on successful commercialization and future funding rather than recurring customer demand to support operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Exceptionally low leverage reduces solvency pressure and preserves financial flexibility. This gives HPQ more capacity to fund development, absorb operating volatility, or pursue commercialization without the burden of substantial debt service over the next several quarters.
Read all positive factors
HPQ-Silicon Resources (HPQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$56.61M
Dividend YieldN/A
Average Volume (3M)259.53K
Price to Earnings (P/E)1.4
Beta (1Y)0.67
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.08
Shares Outstanding471,775,150
10 Day Avg. Volume306,769
30 Day Avg. Volume259,531
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.85
Price to Sales (P/S)0.00
P/FCF Ratio-23.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HPQ-Silicon Resources Business Overview & Revenue Model
Company Description
Based in Montreal, Canada, HPQ Silicon Inc. and its subsidiaries specialize in providing advanced silica and silicon-based solutions. The company is actively developing a portfolio of next-generation silicon products, primarily targeting the burge...
How the Company Makes Money
HPQ’s intended revenue model is tied to commercializing silicon-related materials and associated manufacturing processes, and monetizing these through product sales and/or licensing/technology commercialization. However, specific, consistently dis...
HPQ-Silicon Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -605.38K | -159.20K | -2.22M | -2.61M | -2.18M | -234.02K |
| EBITDA | -3.08M | -3.67M | 2.21M | -6.26M | -4.17M | -5.56M |
| Net Income | 35.30M | 35.36M | -8.20K | -16.49M | -11.44M | -6.33M |
Balance Sheet | ||||||
| Total Assets | 47.43M | 43.26M | 4.81M | 9.06M | 21.61M | 21.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.78M | 1.18M | 1.00M | 1.27M | 1.85M | 3.34M |
| Total Debt | 24.93K | 30.39K | 8.06K | 18.88K | 28.37K | 0.00 |
| Total Liabilities | 3.31M | 3.34M | 8.66M | 7.23M | 7.09M | 3.39M |
| Stockholders Equity | 44.13M | 39.92M | -4.65M | 1.25M | 14.39M | 18.33M |
Cash Flow | ||||||
| Free Cash Flow | -5.51M | -3.13M | -1.70M | -1.53M | -6.12M | -6.61M |
| Operating Cash Flow | -4.63M | -3.11M | -1.69M | -1.26M | -4.88M | -2.41M |
| Investing Cash Flow | -252.66K | 392.36K | 1.10M | -1.13M | -1.49M | -4.20M |
| Financing Cash Flow | 4.55M | 2.54M | 672.81K | 1.84M | 4.82M | 7.39M |
HPQ-Silicon Resources Technical Analysis
Negative
0.14
Price Trends
0.13
Negative
0.14
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
36.60
Neutral
30.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HPQ, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HPQ.
HPQ-Silicon Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | C$113.88M | 13.22 | 20.67% | ― | 176.97% | 1835.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$56.61M | 1.43 | 109.87% | ― | ― | ― | |
47 Neutral | C$45.52M | -30.28 | -2.18% | ― | 7.49% | -119.48% | |
44 Neutral | C$31.53M | -51.92 | -2.33% | ― | ― | 43.18% | |
43 Neutral | C$11.65M | -18.75 | -4.15% | ― | ― | 86.05% | |
43 Neutral | C$26.16M | -1.85 | -142.56% | ― | ― | -138.94% |
* General Sector Average
TSE:HPQ
HPQ-Silicon Resources
0.12
-0.07
-35.14%
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HPQ-Silicon Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Novacium-Led Consortium Wins RAPID Funding for METAGENE Green Hydrogen Project
Positive
Oct 27, 2026
A consortium led by Novacium, with partners Axel’One and AD-VENTA, has secured nearly €1 million in public funding under France’s highly selective RAPID program, backed by the Defence Innovation Agency and the Directorate General...
Business Operations and StrategyProduct-Related Announcements
HPQ Silicon Moves ENDURA+ EV Battery Cells Into Application Testing with Aptera Motors
Positive
Oct 15, 2026
HPQ Silicon, through its ENDURA+ battery initiative and in partnership with French technology firm Novacium, has signed a cell evaluation and confidentiality agreement with U.S. solar mobility company Aptera Motors. The deal will see Aptera labora...
Business Operations and StrategyProduct-Related Announcements
HPQ and PyroGenesis Seal 50/50 Ownership Deal for Fumed Silica Venture
Positive
Sep 29, 2026
HPQ Silicon Inc. and PyroGenesis Inc. have finalized a transaction that converts PyroGenesis’ former gross sales royalty into a 50% equity stake in HPQ Silica Polvere Inc., making the two companies equal owners of the entity that controls th...
Business Operations and StrategyProduct-Related Announcements
HPQ Silicon and Novacium Win First French Army Drone Battery Order
Positive
Aug 19, 2026
HPQ Silicon and Novacium have secured an initial commercial order from LN Innov for GEN3 6S1P 6,000 mAh battery packs using Novacium’s silicon-based anode technology, to be integrated into FPV drones for a French Army regiment. The deal mark...
Business Operations and StrategyProduct-Related Announcements
HPQ Silicon Wins First Defence Order for High-Energy Drone Batteries
Positive
Aug 19, 2026
HPQ Silicon and its partner Novacium have secured an initial commercial order from LN Innov for GEN3 6S1P 6,000 mAh battery packs using Novacium’s silicon-based anode technology, to be integrated into FPV drones for a French Army regiment. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.