Hm Exploration Corp. (TSE:HM)
:HM
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Hm Exploration Corp.
(HM)
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Rating:44Neutral
Price Target:
C$0.31
▲(34.78% Upside)
Action:ReiteratedDate:03/31/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity since 2023). Technical indicators provide only modest support with mixed trend signals and moderately positive momentum, while valuation inputs are not meaningful due to losses and the absence of a dividend yield.
Positive Factors
Low reported debt
The company carries only a small absolute debt balance, limiting fixed interest obligations and giving an exploration-stage firm more operational flexibility. Low formal debt reduces near-term insolvency pressure versus highly levered peers, helping preserve runway while seeking funding.
Negative Factors
Negative shareholders' equity
Deeply negative equity is a structural solvency red flag that persists across years, signaling liabilities exceed assets. This reduces financing flexibility, raises counterparty and investor concern, and can force higher-cost funding or distressed transactions if the company cannot restore balance-sheet health.
Read all positive and negative factors
Positive Factors
Negative Factors
Low reported debt
The company carries only a small absolute debt balance, limiting fixed interest obligations and giving an exploration-stage firm more operational flexibility. Low formal debt reduces near-term insolvency pressure versus highly levered peers, helping preserve runway while seeking funding.
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)2.39
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
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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.
0.32
0.17
113.33%
TSE:KLM
Kermode Resources
0.01
0.00
0.00%
TSE:PURR
Panther Minerals
0.39
-0.41
-51.19%
TSE:METL
Metalite Resources
0.40
0.25
168.46%
TSE:GRAY
Graycliff Exploration
0.15
0.04
45.00%
TSE:HARD
Hardcore Discoveries
0.05
-0.06
-55.00%
Hm Exploration Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
HM Exploration Launches C$1.5 Million LIFE Flow-Through Financing for Critical Minerals Exploration
Positive
Mar 21, 2026
HM Exploration Corp., a Canadian-listed mineral exploration company focused on advancing its Devil’s Den copper, zinc and nickel project on Vancouver Island, is also exploring critical mineral opportunities at its Lewis Pilley’s Projec...
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 ...
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
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