HPQ Silicon (CVE:HPQ) Trading 20.5% Higher – Time to Buy?

HPQ Silicon Inc. (CVE:HPQ)’s share price rose 20.5% on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 190,603 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 341,395 shares. The stock had previously closed at C$0.20.

HPQ Silicon Stock Performance

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 company has a market cap of C$93.43 million, a price-to-earnings ratio of -14.45 and a beta of -0.14. The firm has a 50 day simple moving average of C$0.19 and a 200-day simple moving average of C$0.18.

HPQ Silicon Company Profile

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. In addition, the company engages in developing the PUREVAP Quartz Reduction Reactors, a process to transform quartz into silicon metal; and the PUREVAP Nano Silicon Reactors, a process to make the nano silicon materials from silicon chunks.