Atlas Salt Inc (SALT) AI Stock Analysis

• Market Cap: C$37.90M
• Dividend Yield: N/A
• Average Volume (3M): 128.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: -200.00%
• EPS Growth: -12.68%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 97,167,114
• 10 Day Avg. Volume: 283,874
• 30 Day Avg. Volume: 128,483
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 120.82
• Price to Cash Flow (P/CF): -16.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Atlas Salt Inc. has significant challenges with no revenue, persistent losses, and negative cash flow. The stock's bearish technical indicators and negative valuation metrics further contribute to a low overall score. Despite a strong balance sheet with no debt, the company's financial health is at risk without revenue generation.

Atlas Salt Inc Business Overview & Revenue Model

Company Description

Atlas Salt Inc (SALT) is a company focused on the exploration and development of salt deposits. Operating primarily in the natural resource sector, Atlas Salt is involved in the extraction and production of salt, which serves various industrial, commercial, and consumer markets. The company's core product offerings include high-purity salt used for de-icing, water conditioning, and other specialized applications.

How the Company Makes Money

Atlas Salt Inc makes money through the sale of salt extracted from its mining operations. The company's revenue model is based on supplying bulk industrial salt to a wide range of customers including municipalities for road de-icing, water treatment facilities, and various manufacturing industries that require salt as a raw material. Additionally, Atlas Salt may engage in strategic partnerships and agreements with other companies in the supply chain to enhance distribution and expand market reach.

Atlas Salt Inc Financial Statement Overview

Summary

Atlas Salt Inc. faces financial difficulties with no revenue generation and persistent negative income figures. Despite a strong equity base and no debt, the lack of operational cash flow and continuous losses pose significant risks.

Income Statement

Atlas Salt Inc. shows a challenging income environment with no reported revenues and consistently negative net income over the past years. The TTM period continues this trend with negative gross and net profit margins, indicating ongoing financial strain.

Balance Sheet

The balance sheet reflects a strong equity position with zero debt, contributing to a solid equity ratio of 97.64% in the TTM period. This indicates financial stability, but the lack of revenue generation remains a concern.

Cash Flow

Free cash flow remains negative, indicating operational challenges. However, the company has managed its financing activities well to maintain liquidity, but the inability to generate positive cash flow from operations is a significant concern.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
-298.82K	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-343.05K	-12.91K	-3.39K	-1.40K	-525.00	-525.00
	EBIT
-3.08M	-5.18M	-5.42M	-2.25M	-185.41K	-213.90K
	EBITDA
-3.81M	-4.51M	-3.37M	-2.07M	-184.88K	-213.37K
	Net Income Common Stockholders
-3.81M	-4.84M	511.22K	-2.15M	-185.41K	-213.90K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.75K	12.19M	9.27M	8.80M	280.39K	266.83K
	Total Assets
2.10M	22.37M	16.05M	11.25M	2.07M	2.19M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.75K	-12.19M	-9.27M	-8.80M	-280.39K	-266.83K
	Total Liabilities
290.15K	597.90K	1.24M	423.96K	258.82K	253.85K
	Stockholders Equity
1.81M	21.78M	14.81M	10.83M	1.81M	1.93M
Cash Flow		Free Cash Flow
-4.57M	-7.20M	-4.35M	-2.00M	-173.90K	-354.35K
	Operating Cash Flow
-1.49M	-3.47M	-1.07M	-1.10M	-110.16K	-296.38K
	Investing Cash Flow
-2.67M	-3.34M	-3.47M	-543.83K	123.71K	308.44K
	Financing Cash Flow
-296.52K	9.72M	5.00M	10.17M	0.00	253.03K

Atlas Salt Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SALT, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.57, and below the 200-day MA of 0.63, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 25.16 is Positive, neither overbought nor oversold. The STOCH value of 18.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SALT.

Atlas Salt Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	64 Neutral	C$9.22B	25.63	0.24%	3.43%	-2.71%	-188.94%
TKO	63 Neutral	$912.88M	11.15	-2.74%	―	15.26%	-114.98%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
NGC	44 Neutral	C$13.11M	―	-329.25%	―	31.19%	-46.99%
SALT	41 Neutral	C$37.90M	―	-17.74%	―	-200.00%	-12.68%

Atlas Salt Inc Corporate Events

Atlas Salt Partners with Oracle for Project Management Enhancement

Atlas Salt Inc. has announced its collaboration with Oracle Corporation to enhance project management and financial processes for its Great Atlantic Salt Project. By integrating Oracle’s suite of tools, including Aconex, Primavera Cloud, and NetSuite, Atlas Salt aims to improve efficiency, transparency, and control, potentially strengthening its operational capabilities and industry positioning.

Atlas Salt Appoints Advisor for Salt Project

Atlas Salt Inc. has appointed Endeavour Financial to guide the project financing for its Great Atlantic Salt Project, aiming to secure up to $400 million in senior secured debt. The company has made significant strides in 2024, including environmental assessments and strategic partnerships, to advance this transformative project.

Atlas Salt Extends Voting Deadline Amid Postal Strike

Atlas Salt Inc. has addressed concerns about potential voting delays at its upcoming annual general meeting due to a Canada Post strike. The company extends the proxy delivery deadline to accommodate shareholders affected by the postal disruption, ensuring their participation. Atlas Salt remains committed to sustainable mining, aiming to impact the North American salt market positively.

Atlas Salt Advances Great Atlantic Salt Project

Atlas Salt Inc. is advancing its Great Atlantic Salt Project by integrating environmental assessment conditions into its development plans, demonstrating a commitment to environmental responsibility. The company has proactively addressed a significant portion of these conditions, ensuring regulatory alignment and setting the stage for Canada’s next major salt mine.