Atlas Salt Inc (SALT) AI Stock Analysis

• Market Cap: C$36.92M
• Dividend Yield: N/A
• Average Volume (3M): 105.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: -200.00%
• EPS Growth: -12.68%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 97,167,114
• 10 Day Avg. Volume: 29,457
• 30 Day Avg. Volume: 105,776
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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. faces significant financial challenges with no current revenue and negative cash flow, posing risks to its financial health. The stock's technical indicators show a lack of momentum, and valuation metrics are unfavorable due to the negative P/E ratio. However, positive corporate developments regarding the Great Atlantic Salt Project provide a potential upside, balancing some of the financial and operational risks.

Atlas Salt Inc Business Overview & Revenue Model

Company Description

Atlas Salt Inc (SALT) is a publicly traded company specializing in the mining and distribution of salt. The company operates in the natural resources sector, focusing on the extraction and sale of salt products for various industrial, commercial, and consumer applications. Atlas Salt is known for its high-quality salt production, catering to markets that require salt for de-icing, water conditioning, and other industrial uses.

How the Company Makes Money

Atlas Salt Inc primarily generates revenue through the sale of salt extracted from its mining operations. The company's key revenue streams include bulk sales to industrial clients who use salt for de-icing roads and highways, as well as sales to the water conditioning industry. Additionally, Atlas Salt may have strategic partnerships with distribution companies to enhance its market reach. These partnerships, along with the company's efficient production processes, contribute significantly to its earnings. As a resource-focused company, Atlas Salt's financial performance is also influenced by market demand, commodity prices, and operational efficiencies.

Atlas Salt Inc Financial Statement Overview

Summary

Atlas Salt Inc. faces ongoing 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 to its financial health.

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
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-12.91K	-3.39K	-1.40K	-525.00	-525.00
	EBIT
-5.18M	-5.42M	-2.25M	-185.41K	-213.90K
	EBITDA
-4.51M	-3.37M	-2.07M	-184.88K	-213.37K
	Net Income Common Stockholders
-4.84M	511.22K	-2.15M	-185.41K	-213.90K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
12.19M	9.27M	8.80M	280.39K	266.83K
	Total Assets
22.37M	16.05M	11.25M	2.07M	2.19M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-12.19M	-9.27M	-8.80M	-280.39K	-266.83K
	Total Liabilities
597.90K	1.24M	423.96K	258.82K	253.85K
	Stockholders Equity
21.78M	14.81M	10.83M	1.81M	1.93M
Cash Flow		Free Cash Flow
-7.20M	-4.35M	-2.00M	-173.90K	-354.35K
	Operating Cash Flow
-3.47M	-1.07M	-1.10M	-110.16K	-296.38K
	Investing Cash Flow
-3.34M	-3.47M	-543.83K	123.71K	308.44K
	Financing Cash Flow
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: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.39, below the 50-day MA of 0.47, and below the 200-day MA of 0.61, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 40.18 is Neutral, neither overbought nor oversold. The STOCH value of 33.16 is Neutral, 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	66 Neutral	$10.13B	25.63	0.24%	3.09%	-2.71%	-188.94%
TKO	52 Neutral	$887.61M	11.15	-12.40%	―	7.36%	-159.52%
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.88%	-29.24%
SALT	47 Neutral	C$36.92M	―	-17.48%	―	-200.00%	-12.68%
NGC	44 Neutral	$16.39M	―	-329.25%	―	31.19%	-46.99%

Atlas Salt Inc Corporate Events

Atlas Salt Inc. Issues Stock Options and Searches for New CEO

Atlas Salt Inc. has issued 200,000 stock options to a director, with a three-year exercise period at 46 cents per share, leaving 4,384,531 shares available under its equity compensation plans. The company is actively searching for a new CEO with the help of a mining-focused recruitment firm, while Chairman Patrick Laracy serves as interim CEO, indicating a strategic move to strengthen its leadership and operational focus in the mining sector.

Spark’s Take on TSE:SALT Stock

According to Spark, TipRanks’ AI Analyst, TSE:SALT is a Neutral.

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.

To see Spark’s full report on TSE:SALT stock, click here.

Atlas Salt Inc. Appoints Bob Kelly to Board of Directors

Atlas Salt Inc. has announced the appointment of Bob Kelly to its Board of Directors following the resignation of Marc Boissonneault. Bob Kelly brings 40 years of senior management experience in the mining industry, including roles at Teck Resources Limited and Voisey’s Bay Nickel Company Ltd. His expertise in mine management, construction, safety, and stakeholder engagement is expected to be invaluable as Atlas Salt develops the Great Atlantic salt deposit.

Atlas Salt Advances Great Atlantic Salt Project with Key Developments

Atlas Salt Inc. has provided a comprehensive update on the progress of its Great Atlantic Salt Project, highlighting advancements in project financing, engineering, and operational readiness. The company is making significant strides in securing financial structures, finalizing engineering partnerships, and preparing for a seamless transition to commercial production, which positions it favorably within the industry.

Atlas Salt Announces CEO Transition Amid Project Advancements

Atlas Salt Inc. has announced a change in its management, with CEO Rick LaBelle stepping down and Chairman Patrick Laracy taking over executive responsibilities temporarily. This transition comes as the company progresses from feasibility to development stages, focusing on project financing and construction of the Great Atlantic Salt deposit in Newfoundland. The project, which boasts a 34-year mine life and significant economic potential, is advancing with ongoing geotechnical drilling and plans for marketing initiatives to enhance shareholder value.

Atlas Salt Advances Great Atlantic Project with Key Development Plan Submission

Atlas Salt Inc. has submitted the Early Works Development Plan for its Great Atlantic Salt Project to the Government of Newfoundland and Labrador, marking a significant step toward construction. This plan includes site preparation, road construction, and infrastructure development, ensuring regulatory compliance and reducing risks before full-scale mine construction, which could enhance the company’s operational capabilities and industry positioning.

Atlas Salt Inc. Receives $1M ACOA Funding for Green Mine Initiative

Atlas Salt Inc. has secured a C$1,000,000 conditionally repayable loan from the Atlantic Canada Opportunities Agency to advance its Mine Design and Optimization Initiative at the Great Atlantic Salt Project. This initiative aims to reduce greenhouse gas emissions through the use of battery electric vehicles and other sustainable technologies, marking an important development for the company as it prepares to become the first major salt producer in Eastern North America in decades, with significant job creation anticipated.