HPQ Silicon (CVE:HPQ) Trading 12.9% Higher - Here's Why

Key Points

• HPQ Silicon Inc. shares surged by 12.9%, climbing to a trading price of C$0.18 with a significant increase in trading volume, indicating heightened investor interest.
• The company's market capitalization stands at C$73.84 million, with a negative PE ratio of -17.50 and a debt-to-equity ratio of -1.07, suggesting underlying financial challenges.
• HPQ Silicon is focusing on developing silicon and silica products aimed at the battery, electric vehicle, and hydrogen markets, which could position it favorably for future growth.

HPQ Silicon Inc. (CVE:HPQ - Get Free Report)'s stock price traded up 12.9% during mid-day trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.18. 1,453,352 shares traded hands during mid-day trading, an increase of 491% from the average session volume of 245,808 shares. The stock had previously closed at C$0.16.

HPQ Silicon Trading Down 2.6%

The firm has a market cap of C$80.17 million, a P/E ratio of -19.00 and a beta of 0.39. The company has a debt-to-equity ratio of -1.07, a current ratio of 0.44 and a quick ratio of 0.71. The stock has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.17.

About HPQ Silicon

HPQ Silicon Inc, together with its subsidiaries, provides silica and silicon-based solutions in Canada. It is also developing a portfolio of silicon and silica products primarily for battery and electric vehicle manufacturers, and hydrogen applications; and carbon particles for capacitor applications.