Want to see TSE:HPQ full AI Analyst Report?
Top Page
HPQ-Silicon Resources
(HPQ)
Select Model
Select Model
Rating:49Neutral
Price Target:
C$0.13
▼(-7.86% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak operating performance and ongoing cash burn (zero reported revenue, negative operating results, and negative operating/free cash flow), despite a strong low-debt balance sheet. Technicals add pressure given the clear downtrend and negative momentum. Valuation appears optically inexpensive on P/E, but the quality and sustainability of earnings limit how much that supports the overall score.
Positive Factors
Very low leverage
Exceptionally low leverage reduces solvency and refinancing pressure, giving HPQ greater flexibility to fund development or absorb operating setbacks. A relatively conservative capital structure can also preserve strategic options while the company works toward commercializing its silicon-related technologies.
Negative Factors
No reported commercial revenue
Zero reported revenue across all periods indicates that HPQ has not yet demonstrated meaningful commercial monetization of its silicon-related products or processes. Without an established sales base, future performance remains dependent on converting development activities into repeatable customer demand and sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Exceptionally low leverage reduces solvency and refinancing pressure, giving HPQ greater flexibility to fund development or absorb operating setbacks. A relatively conservative capital structure can also preserve strategic options while the company works toward commercializing its silicon-related technologies.
Read all positive factors
HPQ-Silicon Resources (HPQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$61.33M
Dividend YieldN/A
Average Volume (3M)235.75K
Price to Earnings (P/E)1.5
Beta (1Y)0.65
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. Volume318,137
30 Day Avg. Volume235,755
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 | -3.41K | -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
0.15
Negative
0.16
Negative
0.17
Negative
Market Momentum
>-0.01
Negative
41.50
Neutral
50.00
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, below the 50-day MA of 0.15, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.50 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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 |
|---|---|---|---|---|---|---|---|
59 Neutral | C$126.41M | 14.87 | 20.67% | ― | 176.97% | 1835.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$61.33M | 1.55 | 109.87% | ― | ― | ― | |
48 Neutral | C$46.72M | -43.90 | -3.63% | ― | ― | -42.86% | |
48 Neutral | C$47.71M | 79.87 | 0.85% | ― | 3.14% | -90.42% | |
45 Neutral | C$25.47M | -2.09 | -168.02% | ― | ― | -140.23% | |
43 Neutral | C$14.24M | -22.92 | -4.15% | ― | ― | 86.05% |
* General Sector Average
TSE:HPQ
HPQ-Silicon Resources
0.13
-0.05
-27.78%
TSE:AMY
RecycLiCo Battery Materials
0.06
-0.07
-54.17%
TSE:NBM
NEO Battery Materials Ltd
0.17
-0.39
-69.64%
TSE:GMX
Globex Mining Enterprises
2.25
0.83
58.45%
TSE:NMI
Namibia Critical Metals Inc
0.18
0.09
111.76%
TSE:OGD
Orbit Garant Drill
1.27
-0.36
-22.09%
HPQ-Silicon Resources Corporate Events
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.