Atlas Salt Inc (TSE:SALT)
:SALT
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Atlas Salt Inc
(SALT)
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Rating:54Neutral
Price Target:
C$1.50
▲(117.39% Upside)
Action:Reiterated
Date:06/19/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and meaningful cash burn), only partly offset by a comparatively conservative balance sheet. Technicals are supportive with a strong trend above major moving averages, but momentum is near overbought. Valuation is also a drag given negative earnings and no dividend support.
Positive Factors
Conservative balance sheet
Low absolute debt and a large equity base materially reduce solvency and refinancing risk for a pre-production miner. This balance-sheet conservatism gives the company more optionality and time to advance the project before needing high-cost external financing.
Negative Factors
Pre-revenue status
Being pre-revenue shifts the firm's fate to successful project execution and financing rather than market operations. That structural exposure means prolonged reliance on capital markets, execution risk for permitting/construction, and no operating cash cushions until production starts.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low absolute debt and a large equity base materially reduce solvency and refinancing risk for a pre-production miner. This balance-sheet conservatism gives the company more optionality and time to advance the project before needing high-cost external financing.
Read all positive factors
Atlas Salt Inc (SALT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$713.33M
Dividend YieldN/A
Average Volume (3M)143.48K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue GrowthN/A
EPS Growth-1.48%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding466,229,340
10 Day Avg. Volume84,412
30 Day Avg. Volume143,484
Financial Highlights & Ratios
PEG Ratio4.74
Price to Book (P/B)2.60
Price to Sales (P/S)0.00
P/FCF Ratio-6.31
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
Atlas Salt Inc Business Overview & Revenue Model
Company Description
Atlas Salt Inc. is an emerging mineral exploration firm dedicated to acquiring, evaluating, and prospecting for mineral properties across the Canadian province of Newfoundland and Labrador. The company's exploration efforts are primarily directed ...
How the Company Makes Money
Atlas Salt’s intended revenue model is to generate income by producing and selling rock salt from its project once it is constructed and operating. In a typical rock-salt business model, cash flow is driven by (1) long-term or medium-term supply c...
Atlas Salt Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -52.90K | -42.45K | -12.91K | -3.39K | -1.40K |
| EBITDA | -3.65M | -3.13M | -4.51M | -3.37M | -2.17M |
| Net Income | -3.71M | -3.68M | -4.84M | 511.22K | -2.15M |
Balance Sheet | |||||
| Total Assets | 26.31M | 21.97M | 22.37M | 16.05M | 11.25M |
| Cash, Cash Equivalents and Short-Term Investments | 6.14M | 8.03M | 12.19M | 9.27M | 8.80M |
| Total Debt | 744.15K | 120.14K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.81M | 1.70M | 597.90K | 1.24M | 423.96K |
| Stockholders Equity | 24.49M | 20.27M | 21.78M | 14.81M | 10.83M |
Cash Flow | |||||
| Free Cash Flow | -10.08M | -4.29M | -7.20M | -4.35M | -2.00M |
| Operating Cash Flow | -5.30M | -1.02M | -3.47M | -1.07M | -1.10M |
| Investing Cash Flow | -4.96M | -3.28M | -3.34M | -3.47M | -543.83K |
| Financing Cash Flow | 8.19M | 143.07K | 9.72M | 5.00M | 10.17M |
Atlas Salt Inc Technical Analysis
Positive
0.69
Price Trends
1.20
Positive
1.06
Positive
0.87
Positive
Market Momentum
0.09
Negative
56.57
Neutral
57.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SALT, the sentiment is Positive. The current price of 0.69 is below the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.20, and below the 200-day MA of 0.87, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 56.57 is Neutral, neither overbought nor oversold. The STOCH value of 57.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SALT.
Atlas Salt Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$713.33M | -34.05 | -18.56% | ― | ― | -1.48% | |
52 Neutral | C$62.48M | 6.94 | 15.43% | ― | ― | ― | |
52 Neutral | C$93.94M | -15.00 | 52.59% | ― | ― | -28.21% | |
49 Neutral | C$62.16M | -26.70 | -9.43% | ― | ― | 57.00% | |
45 Neutral | C$42.62M | -101.92 | -7.53% | ― | 3425.98% | 81.88% | |
45 Neutral | C$66.91M | -10.71 | -47.08% | ― | ― | 49.21% |
* Basic Materials Sector Average
TSE:SALT
Atlas Salt Inc
1.42
0.95
202.13%
TSE:AZM
Azimut Exploration
0.62
-0.01
-1.59%
TSE:FT
Fortune Minerals
0.15
0.06
66.67%
TSE:GMA
Geomega Resources
0.27
0.10
55.88%
TSE:RTG
RTG Mining
0.04
>-0.01
-12.50%
TSE:SRL
Salazar Resources
0.24
0.10
71.43%
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.