HPQ Silicon (CVE:HPQ) Shares Down 2% – Here’s What Happened

HPQ Silicon Inc. (CVE:HPQ) shares dropped 2% during mid-day trading on Tuesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 154,709 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 199,725 shares. The stock had previously closed at C$0.26.

HPQ Silicon Price Performance

The stock has a market capitalization of C$90.17 million, a P/E ratio of -6.13 and a beta of 2.14. The company has a debt-to-equity ratio of 17.30, a quick ratio of 0.71 and a current ratio of 0.30. The firm has a 50-day moving average price of C$0.31 and a 200 day moving average price of C$0.31.

Insiders Place Their Bets

In other news, Director Daryl Hodges sold 73,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of C$0.36, for a total value of C$25,915.00. Insiders sold a total of 203,000 shares of company stock valued at $71,850 over the last quarter. 5.36% of the stock is owned by corporate insiders.

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.