Hm Exploration Corp. (TSE:HM)
:HM
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Hm Exploration Corp.
(HM)
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Select Model
Rating:49Neutral
Price Target:
C$0.44
▲(90.43% Upside)
Action:ReiteratedDate:03/13/26
The score is primarily held down by very weak financial fundamentals (no revenue, ongoing losses and cash burn, and negative equity since 2023). Technicals provide partial offset with an uptrend and moderate positive momentum, but limited valuation signals (P/E 0.0 and no dividend yield data) keep the overall rating below average.
Positive Factors
Low absolute debt
Measured absolute debt limits near-term interest burden and reduces immediate creditor pressure relative to highly-levered peers. Given negative equity, leverage ratios are distorted, but low nominal debt still preserves modest financial flexibility and lowers refinancing urgency over the coming months.
Negative Factors
No revenue
The company remains pre-revenue as an exploration-stage gold firm, meaning no commercial cash inflows or proven product-market fit. This eliminates earnings visibility, prevents margin analysis, and leaves the business entirely dependent on successful exploration outcomes and external capital to reach cash-generating operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt
Measured absolute debt limits near-term interest burden and reduces immediate creditor pressure relative to highly-levered peers. Given negative equity, leverage ratios are distorted, but low nominal debt still preserves modest financial flexibility and lowers refinancing urgency over the coming months.
Read all positive factors
Hm Exploration Corp. (HM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)14.30K
Price to Earnings (P/E)―
Beta (1Y)2.92
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding13,936,227
10 Day Avg. Volume16,139
30 Day Avg. Volume14,304
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)-1.90
Price to Sales (P/S)0.00
P/FCF Ratio-5.80
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
Hm Exploration Corp. Business Overview & Revenue Model
Company Description
HM Exploration Corp. is focused on precious and base metal exploration in Canada. The Issuer is currently undertaking exploration activities at the Devil's Den Project located in British Columbia....
How the Company Makes Money
null...
Hm Exploration Corp. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Apr 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -8.19K | 0.00 | 0.00 | 0.00 |
| EBITDA | -309.88K | -110.23K | -1.30M | -2.46M | -18.11K |
| Net Income | -351.76K | -788.80K | -2.17M | -3.01M | -451.73K |
Balance Sheet | |||||
| Total Assets | 122.33K | 126.08K | 669.08K | 1.62M | 903.21K |
| Cash, Cash Equivalents and Short-Term Investments | 90.43K | 70.91K | 42.03K | 1.04M | 793.93K |
| Total Debt | 32.90K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.06M | 942.66K | 849.14K | 312.34K | 38.69K |
| Stockholders Equity | -940.72K | -816.57K | -180.06K | 1.31M | 864.52K |
Cash Flow | |||||
| Free Cash Flow | -307.76K | -21.11K | -1.42M | -2.94M | -487.85K |
| Operating Cash Flow | -248.02K | -21.11K | -1.18M | -2.69M | -487.85K |
| Investing Cash Flow | -32.22K | 10.00K | -231.57K | -213.87K | -12.50K |
| Financing Cash Flow | 168.88K | 40.00K | 420.30K | 3.18M | 1.12M |
Hm Exploration Corp. Peers Comparison
UnderperformOutperform
Sector (65)
TSE:HM
Hm Exploration Corp.
0.43
0.20
86.96%
TSE:KLM
Kermode Resources
0.01
0.00
0.00%
TSE:PURR
Panther Minerals
0.41
-0.59
-59.00%
TSE:METL
Metalite Resources
0.40
0.15
60.00%
TSE:GRAY
Graycliff Exploration
0.15
0.04
45.00%
TSE:HARD
Hardcore Discoveries
0.05
-0.10
-67.86%
Hm Exploration Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
HM Exploration Raises $600,000 in Private Placement and Grants Stock Options
Positive
Jan 21, 2026
HM Exploration Corp. has closed a non-brokered private placement, issuing 3,333,334 units at $0.18 per unit for gross proceeds of approximately $600,000, with each unit consisting of one common share and half a warrant exercisable at $0.25 for 36 ...
Business Operations and StrategyPrivate Placements and Financing
HM Exploration Launches $600,000 Private Placement to Fund Canadian Exploration Projects
Positive
Dec 23, 2025
HM Exploration Corp. has announced a non-brokered private placement of up to 3,333,334 units at $0.18 per unit to raise as much as $600,000.12, with each unit comprising one common share and one-half of a transferable warrant exercisable at $0.25 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.