HPQ-Silicon Resources Inc (TSE:HPQ)
:HPQ
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HPQ-Silicon Resources
(HPQ)
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Rating:49Neutral
Price Target:
C$0.17
▼(-6.11% Downside)
Action:Reiterated
Date:06/01/26
The score is held back primarily by weak underlying operations and persistent negative operating/free cash flow despite strong reported net income, indicating earnings-quality risk. Technicals also point to a soft trend with limited momentum. Valuation is a partial offset due to a very low P/E, but confidence in that signal is tempered by the disconnect between earnings and cash generation.
Positive Factors
Balance sheet strength
Material equity cushion and minimal debt provide durable financial flexibility. With low leverage the company can fund development or absorb operational volatility without immediate refinancing, reducing insolvency risk and enabling multi‑month product or project scaling efforts.
Negative Factors
Persistent negative cash generation
Sustained negative operating and free cash flow erodes liquidity and forces recurring external funding or asset sales. Over months this pattern undermines self-sufficiency, risks dilutive financings, and constrains the ability to invest in commercialization or capacity expansion without altering capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material equity cushion and minimal debt provide durable financial flexibility. With low leverage the company can fund development or absorb operational volatility without immediate refinancing, reducing insolvency risk and enabling multi‑month product or project scaling efforts.
Read all positive factors
HPQ-Silicon Resources (HPQ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$80.14M
Dividend YieldN/A
Average Volume (3M)386.55K
Price to Earnings (P/E)2.4
Beta (1Y)0.21
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees5
SectorTechnology
Sector Strength88
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.09
Shares Outstanding471,422,030
10 Day Avg. Volume355,897
30 Day Avg. Volume386,548
Financial Highlights & Ratios
PEG Ratio0.00
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
HPQ Silicon Inc., together with its subsidiaries, provides silica and silicon-based solutions in Canada. It is also developing a portfolio of silicon products primarily for battery and electric vehicle manufacturers. The company engages in develop...
How the Company Makes Money
null...
HPQ-Silicon Resources Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
28
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 | -608.52K | -159.20K | -2.22M | -2.61M | -2.18M | -234.02K |
| EBITDA | -2.59M | -3.67M | -3.41K | -6.26M | -4.17M | -5.56M |
| Net Income | 35.29M | 35.36M | -8.20K | -16.49M | -11.44M | -6.33M |
Balance Sheet | ||||||
| Total Assets | 48.57M | 43.26M | 4.81M | 9.06M | 21.61M | 21.72M |
| Cash, Cash Equivalents and Short-Term Investments | 2.71M | 1.18M | 1.00M | 1.27M | 1.85M | 3.34M |
| Total Debt | 1.29M | 30.39K | 8.06K | 18.88K | 28.37K | 0.00 |
| Total Liabilities | 3.28M | 3.34M | 8.66M | 7.23M | 7.09M | 3.39M |
| Stockholders Equity | 45.29M | 39.92M | -4.65M | 1.25M | 14.39M | 18.33M |
Cash Flow | ||||||
| Free Cash Flow | -4.40M | -3.13M | -1.70M | -1.53M | -6.12M | -6.61M |
| Operating Cash Flow | -3.57M | -3.11M | -1.69M | -1.26M | -4.88M | -2.41M |
| Investing Cash Flow | -569.33K | 392.36K | 1.10M | -1.13M | -1.49M | -4.20M |
| Financing Cash Flow | 5.10M | 2.54M | 672.81K | 1.84M | 4.82M | 7.39M |
HPQ-Silicon Resources Technical Analysis
Positive
0.18
Price Trends
0.18
Positive
0.19
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
53.07
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HPQ, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.18, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HPQ.
HPQ-Silicon Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | C$55.73M | 96.08 | 0.85% | ― | 3.14% | -90.42% | |
49 Neutral | C$80.14M | 2.37 | 369.37% | ― | ― | ― | |
| ― | C$19.42M | -33.36 | -5.19% | ― | ― | 87.71% | |
51 Neutral | C$117.94M | 15.25 | 18.96% | ― | -5.82% | 240.16% | |
48 Neutral | C$61.74M | -9.03 | -188.17% | ― | ― | -10.82% | |
42 Neutral | C$43.21M | -49.91 | -3.27% | ― | ― | -60.00% |
* Technology Sector Average
TSE:HPQ
HPQ-Silicon Resources
0.18
<0.01
5.88%
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HPQ-Silicon Resources Corporate Events
Business Operations and StrategyProduct-Related Announcements
HPQ Silicon Breaks 7,000 mAh Barrier in Industrial 21700 Battery Cell Tests
Positive
Apr 15, 2026
HPQ Silicon reported that 21700 cylindrical lithium-ion cells using Novacium’s GEN4 silicon-based anode material have exceeded 7,000 mAh of discharge capacity under extended deep-discharge test conditions, reaching 7,030 mAh. This compares w...
Business Operations and StrategyProduct-Related Announcements
HPQ Silicon’s GEN4 Anode Pushes 21700 Cell Capacity Toward Top of Global Range
Positive
Apr 7, 2026
HPQ Silicon reported that 21700 cylindrical cells using Novacium’s GEN4 silicon-based anode material delivered an average capacity above 6,600 mAh, with a top result of 6,696 mAh. The cells achieved gravimetric energy density of 319.9 Wh/kg ...
Business Operations and StrategyM&A Transactions
HPQ Silicon Boosts Novacium Stake and Resets Governance to Unlock European Funding
Positive
Mar 5, 2026
HPQ Silicon has increased its equity stake in France-based Novacium SAS from 28.4% to 36.8% and overhauled governance arrangements to better align the two firms’ strategic and operational objectives. By converting its Category P priority sha...
Business Operations and StrategyPrivate Placements and Financing
HPQ Silicon Raises $3 Million to Accelerate Battery and Hydrogen Projects
Positive
Mar 2, 2026
HPQ Silicon has closed a $3 million non-brokered private placement, issuing 18,181,819 units at $0.165 per unit, each comprising one common share and one warrant exercisable at $0.25 for 24 months, all placed with an investor outside Canada. The c...
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.