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Atlas Salt Inc
(SALT)
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Rating:51Neutral
Price Target:
C$1.50
▼(-5.66% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance (ongoing losses with no revenue and persistent negative free cash flow), only partly offset by a solid, low-debt balance sheet. Technicals contribute positively due to an uptrend versus key moving averages and moderately supportive momentum. Valuation is a secondary drag because negative earnings make P/E less supportive and no dividend yield is available.
Positive Factors
Low Financial Leverage
Equity of about $37.5M and debt-to-equity near 0.02 indicate limited financial leverage. This gives Atlas Salt a more resilient funding base for project advancement and reduces the burden of debt service while it remains pre-production.
Negative Factors
No Operating Revenue
The absence of reported revenue means Atlas Salt has not yet demonstrated commercial production or recurring operating cash inflows. Until the project reaches production, financial performance remains dependent on development progress rather than an established revenue-generating business.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Equity of about $37.5M and debt-to-equity near 0.02 indicate limited financial leverage. This gives Atlas Salt a more resilient funding base for project advancement and reduces the burden of debt service while it remains pre-production.
Read all positive factors
Atlas Salt Inc (SALT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$210.98M
Dividend YieldN/A
Average Volume (3M)181.33K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS Growth-46.69%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding124,840,430
10 Day Avg. Volume173,406
30 Day Avg. Volume181,328
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)-0.06
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 Inc. is a development-stage company; as of publicly available information up to my knowledge cutoff, it had not established recurring operating revenues from salt production. As a result, its primary sources of cash flow are typically n...
Atlas Salt Inc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -59.93K | -52.90K | -42.45K | -12.91K | -3.39K | -1.40K |
| EBITDA | -5.62M | -3.65M | -3.13M | -4.51M | -3.37M | -2.17M |
| Net Income | -5.61M | -3.71M | -3.68M | -4.84M | 511.22K | -2.15M |
Balance Sheet | ||||||
| Total Assets | 39.87M | 26.31M | 21.97M | 22.37M | 16.05M | 11.25M |
| Cash, Cash Equivalents and Short-Term Investments | 18.38M | 6.14M | 8.03M | 12.19M | 9.27M | 8.80M |
| Total Debt | 778.75K | 744.15K | 120.14K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.41M | 1.81M | 1.70M | 597.90K | 1.24M | 423.96K |
| Stockholders Equity | 37.45M | 24.49M | 20.27M | 21.78M | 14.81M | 10.83M |
Cash Flow | ||||||
| Free Cash Flow | -5.51M | -10.08M | -4.29M | -7.20M | -4.35M | -2.00M |
| Operating Cash Flow | -5.03M | -5.30M | -1.02M | -3.47M | -1.07M | -1.10M |
| Investing Cash Flow | -3.40M | -4.96M | -3.28M | -3.34M | -3.47M | -543.83K |
| Financing Cash Flow | 23.94M | 8.19M | 143.07K | 9.72M | 5.00M | 10.17M |
Atlas Salt Inc Technical Analysis
Positive
1.59
Price Trends
1.59
Positive
1.40
Positive
1.10
Positive
Market Momentum
0.03
Positive
54.49
Neutral
47.06
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 1.59 is below the 20-day moving average (MA) of 1.66, below the 50-day MA of 1.59, and above the 200-day MA of 1.10, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 54.49 is Neutral, neither overbought nor oversold. The STOCH value of 47.06 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$58.45M | 6.71 | 15.43% | ― | ― | ― | |
53 Neutral | C$98.08M | -53.73 | -7.59% | ― | ― | 67.00% | |
51 Neutral | C$210.98M | -32.18 | -21.62% | ― | ― | -46.69% | |
47 Neutral | C$76.47M | -10.37 | -33.74% | ― | ― | 11.90% | |
45 Neutral | C$41.78M | -94.23 | -7.53% | ― | 3425.98% | 81.88% | |
42 Neutral | C$97.17M | -12.20 | 80.32% | ― | ― | -38.20% |
* General Sector Average
TSE:SALT
Atlas Salt Inc
1.67
1.23
279.55%
TSE:AZM
Azimut Exploration
0.60
-0.17
-22.08%
TSE:FT
Fortune Minerals
0.15
0.08
114.29%
TSE:GMA
Geomega Resources
0.25
-0.03
-10.91%
TSE:RTG
RTG Mining
0.04
0.01
33.33%
TSE:SRL
Salazar Resources
0.36
0.20
125.00%
Atlas Salt Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Atlas Salt Secures Over C$300 Million in Indicative Financing for Great Atlantic Project
Positive
Sep 1, 2026
Atlas Salt Inc. has secured non-binding financing support that lifts letters of interest for its Great Atlantic Salt Project to more than C$300 million, underscoring growing institutional backing for the Newfoundland and Labrador development. The ...
Business Operations and Strategy
Atlas Salt Taps CN Rail to Boost Economics of Great Atlantic Salt Project
Positive
Aug 20, 2026
Atlas Salt Inc., which is developing the Great Atlantic Salt Project in Newfoundland and Labrador, is focused on supplying de-icing salt to the North American market through a marine-centric logistics model supported by responsible and efficient m...
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.