Millbank Mining Corp (TSE:HDRO)

:HDRO

HDRO

Millbank Mining Corp

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Millbank Mining Corp (HDRO) Price & Analysis

11 Followers

HDRO Stock Chart & Stats

C$0.89

Market closed

C$0.89

Day’s Range― - ―

52-Week RangeC$0.68 - C$6.60

Previous CloseN/A

VolumeN/A

Average Volume (3M)64.32K

Market Cap

C$4.18M

Enterprise ValueC$3.13M

Total Cash (Recent Filing)C$1.68M

Total Debt (Recent Filing)C$0.00

Price to Earnings (P/E)―

Beta-0.22

Next Earnings

Aug 04, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)N/A

Shares Outstanding4,919,141

10 Day Avg. Volume77,932

30 Day Avg. Volume64,317

Financial Highlights & Ratios

PEG Ratio-0.02

Price to Book (P/B)2.28

Price to Sales (P/S)0.00

P/FCF Ratio-1.71

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

Bulls Say, Bears Say

Bulls Say

Conservative Capital StructureNo reported debt reduces fixed-charge obligations and lowers near-term insolvency risk, giving management greater flexibility to time financing or strategic moves. Over a 2–6 month horizon, this structural low-leverage profile preserves optionality versus highly leveraged peers.

Positive Equity CushionA positive equity base provides a tangible capital buffer to absorb ongoing losses and extend operational runway without immediate insolvency. Structurally, this equity cushion reduces short-term default risk and supports continuing exploration or pre-commercial activity for several months.

Operations Not Debt-FundedFunding operations without resorting to debt avoids interest expense and refinancing timelines, which preserves cash flexibility. Over a multi-month horizon this structural choice lowers fixed costs and gives management more control over timing and type of external capital raises.

Bears Say

Zero RevenueThe company reports no revenue and materially widening net losses, evidencing an unproven commercial model. Without revenue generation, reliance on external funding is structural; absent a clear path to commercialization, profitability visibility remains poor over the next 2–6 months.

Sustained Cash BurnConsistently negative operating and free cash flow at scale indicates the company is consuming cash faster than internal sources can supply. Structurally this raises financing and dilution risk, constraining the ability to fund operations or progress projects without external capital in the medium term.

Very Poor Capital EfficiencyDeeply negative ROE shows the company is destroying shareholder capital relative to its equity base. This structural inefficiency implies weak project economics or high overhead versus assets, increasing the likelihood of further capital raises and dilution over a 2–6 month horizon.

Millbank Mining Corp News

Primary Hydrogen Consolidates Shares in Capital Structure Overhaul

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an update. Primary Hydrogen Corp. will implement a one-for-ten consolidation...

3M ago

Primary Hydrogen Consolidates Shares in 10-for-1 Roll-Up on TSX Venture

Millbank Mining Corp ( ($TSE:HDRO) ) has issued an announcement. Primary Hydrogen Corp. will implement a 10-for-1 consolidation...

3M ago

Primary Hydrogen Plans 10-for-1 Share Consolidation to Streamline Capital Structure

Millbank Mining Corp ( ($TSE:HDRO) ) has issued an announcement. Primary Hydrogen Corp. has announced a proposed 10-for-1...

3M ago

Primary Hydrogen Advances Wicheeda North Permitting, Reshapes Exploration Team

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an update. Primary Hydrogen Corp. has provided an update on...

4M ago

Primary Hydrogen Corp. Reports Promising Hydrogen Findings in Newfoundland and Labrador

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an announcement. Primary Hydrogen Corp. has completed its Phase 1...

5M ago

Primary Hydrogen Corp. Uncovers Significant Hydrogen Anomaly in British Columbia

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an announcement. Primary Hydrogen Corp. has identified an 8-kilometre hydrogen...

5M ago

Primary Hydrogen Corp. Unveils Promising Hydrogen Anomalies in Ontario Exploration

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an announcement. Primary Hydrogen Corp. has reported significant findings from...

6M ago

Primary Hydrogen Identifies Key REE Anomalies at Wicheeda North Project

The latest announcement is out from Millbank Mining Corp ( ($TSE:HDRO) ). Primary Hydrogen Corp. has identified two...

6M ago

Primary Hydrogen Corp. Reports Unanimous AGM Voting Results

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an announcement. Primary Hydrogen Corp. announced the results of its...

7M ago

Primary Hydrogen Initiates Phase 2 Exploration at Hopkins Project

Millbank Mining Corp ( ($TSE:HDRO) ) has shared an announcement. Primary Hydrogen Corp. has commenced Phase 2 field...

8M ago

HDRO FAQ

What was Millbank Mining Corp’s price range in the past 12 months?

Millbank Mining Corp lowest stock price was C$0.68 and its highest was C$6.60 in the past 12 months.

What is Millbank Mining Corp’s market cap?

Millbank Mining Corp’s market cap is C$4.18M.

When is Millbank Mining Corp’s upcoming earnings report date?

Millbank Mining Corp’s upcoming earnings report date is Aug 04, 2026 which is in 94 days.

How were Millbank Mining Corp’s earnings last quarter?

Currently, no data Available

Is Millbank Mining Corp overvalued?

According to Wall Street analysts Millbank Mining Corp’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Millbank Mining Corp pay dividends?

Millbank Mining Corp does not currently pay dividends.

What is Millbank Mining Corp’s EPS estimate?

Millbank Mining Corp’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Millbank Mining Corp have?

Millbank Mining Corp has 4,919,141 shares outstanding.

What happened to Millbank Mining Corp’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Millbank Mining Corp?

Currently, no hedge funds are holding shares in TSE:HDRO

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Millbank Mining Corp

Primary Hydrogen Corp. engages in the acquisition, exploration, and development of natural hydrogen properties in Canada. The company was formerly known as Millbank Mining Corp. and changed its name to Primary Hydrogen Corp. in November 2024. Primary Hydrogen Corp. was incorporated in 2020 and is based in Calgary, Canada.