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HPQ-Silicon Resources (HPQ) AI Stock Analysis
HPQ-Silicon Resources
(TSXV:HPQ)
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.
HPQ-Silicon Resources (HPQ) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 56.61M
- Dividend Yield
- ―
- Average Volume (3M)
- 261.49K
- Price to Earnings (P/E)
- 1.4
- Beta (1Y)
- 0.67
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Canada
- Employees
- 5
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial Materials
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 burgeoni...
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 disclo...
HPQ-Silicon Resources Financial Statement Overview
Summary
Balance sheet strength is a clear positive (very low leverage and improved equity), but operating fundamentals are weak: revenue is reported at zero, gross profit and EBIT are negative, and operating/free cash flow remain meaningfully negative. The large net income in 2025 and TTM appears driven by non-operating items and is not supported by cash generation, raising earnings-quality and sustainability risk.
Income Statement
18Very NegativeBalance Sheet
76PositiveCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -8,203 | -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 | 8,064 | 18.88K | 28.37K | 0 |
| 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
Price Trends
Market Momentum
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 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.00 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
Overall Rating
TSE:GMX63Neutral- TSE:HPQ50Neutral
TSE:NMI44Neutral
TSE:NBM43Neutral
TSE:OGD41Neutral
TSE:AMY38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:GMX | 63Neutral | CAD 113.88M | 13.22 | 20.67% | ― | 176.97% | 1835.90% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:HPQ | 50Neutral | CAD 56.61M | 1.43 | 109.87% | ― | ― | ― |
| TSE:NMI | 44Neutral | CAD 31.53M | -51.92 | -2.33% | ― | ― | 43.18% |
| TSE:NBM | 43Neutral | CAD 26.16M | -1.84 | -142.56% | ― | ― | -138.94% |
| TSE:OGD | 41Neutral | CAD 45.52M | -30.28 | -2.18% | ― | 7.49% | -119.48% |
| TSE:AMY | 38Underperform | CAD 11.65M | -18.75 | -4.15% | ― | ― | 86.05% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:HPQ | HPQ-Silicon Resources | 0.12 | -0.06 | -33.33% | |
| TSE:AMY | Recyclico Battery Materials Inc. | 0.04 | -0.16 | -77.50% | |
| TSE:NBM | NEO Battery Materials Ltd | 0.15 | -0.39 | -72.22% | |
| TSE:GMX | Globex Mining Enterprises Inc. | 2.00 | 0.26 | 14.94% | |
| TSE:NMI | Namibia Critical Metals Inc | 0.14 | -0.08 | -38.64% | |
| TSE:OGD | Orbit Garant Drill | 1.19 | -0.41 | -25.63% |
HPQ-Silicon Resources Corporate Events
Novacium-Led Consortium Wins RAPID Funding for METAGENE Green Hydrogen Project
PositiveA 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 of...
HPQ Silicon Moves ENDURA+ EV Battery Cells Into Application Testing with Aptera Motors
PositiveHPQ 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 laborator...
HPQ and PyroGenesis Seal 50/50 Ownership Deal for Fumed Silica Venture
PositiveHPQ 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 the p...
HPQ Silicon and Novacium Win First French Army Drone Battery Order
PositiveHPQ 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 marks t...
HPQ Silicon Wins First Defence Order for High-Energy Drone Batteries
PositiveHPQ 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. The...
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.
Date of analysis: Oct 28, 2026