HPQ Silicon (CVE:HPQ) Stock Price Up 12.9% - Still a Buy?

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 - ) shares rose 12.9% on Thursday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 1,453,352 shares changed hands during mid-day trading, an increase of 491% from the average daily volume of 245,808 shares. The stock had previously closed at C$0.16.

HPQ Silicon Price Performance

The business's 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.18. The firm has a market capitalization of C$73.84 million, a PE ratio of -17.50 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.

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.

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