SALT Stock Overview
Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada.
Atlas Salt Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$1.97|
|52 Week High||CA$4.48|
|52 Week Low||CA$0.71|
|1 Month Change||-41.19%|
|3 Month Change||-19.59%|
|1 Year Change||166.22%|
|3 Year Change||4,825.00%|
|5 Year Change||4,825.00%|
|Change since IPO||3,183.33%|
Recent News & Updates
|SALT||CA Metals and Mining||CA Market|
Return vs Industry: SALT exceeded the Canadian Metals and Mining industry which returned -8.1% over the past year.
Return vs Market: SALT exceeded the Canadian Market which returned -6.6% over the past year.
|SALT Average Weekly Movement||15.3%|
|Metals and Mining Industry Average Movement||11.7%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||18.4%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: SALT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: SALT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for potash, salt, gypsum, and other mineral deposits. It holds 100% interest in the Great Atlantic salt project in the Bay St. George Basin of Western Newfoundland.
Atlas Salt Fundamentals Summary
|SALT fundamental statistics|
Is SALT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SALT income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.024|
|Net Profit Margin||0.00%|
How did SALT perform over the long term?See historical performance and comparison
Is SALT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SALT?
Other financial metrics that can be useful for relative valuation.
|What is SALT's n/a Ratio?|
Price to Book Ratio vs Peers
How does SALT's PB Ratio compare to its peers?
|SALT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
CUR Consolidated Uranium
S Sherritt International
WM Wallbridge Mining
EMO Emerita Resources
SALT Atlas Salt
Price-To-Book vs Peers: SALT is expensive based on its Price-To-Book Ratio (15.2x) compared to the peer average (3.4x).
Price to Earnings Ratio vs Industry
How does SALT's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Book vs Industry: SALT is expensive based on its Price-To-Book Ratio (15.2x) compared to the Canadian Metals and Mining industry average (1.5x)
Price to Book Ratio vs Fair Ratio
What is SALT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||15.2x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate SALT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SALT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate SALT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate SALT's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Atlas Salt forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Atlas Salt has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Atlas Salt's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Atlas Salt competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Atlas Salt performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SALT is currently unprofitable.
Growing Profit Margin: SALT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SALT is unprofitable, and losses have increased over the past 5 years at a rate of 66.6% per year.
Accelerating Growth: Unable to compare SALT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SALT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).
Return on Equity
High ROE: SALT has a negative Return on Equity (-18.65%), as it is currently unprofitable.
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How is Atlas Salt's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: SALT's short term assets (CA$8.6M) exceed its short term liabilities (CA$554.1K).
Long Term Liabilities: SALT's short term assets (CA$8.6M) exceed its long term liabilities (CA$149.7K).
Debt to Equity History and Analysis
Debt Level: SALT is debt free.
Reducing Debt: SALT has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SALT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SALT has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 57.7% each year.
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What is Atlas Salt current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Atlas Salt Dividend Yield vs Market|
|Company (Atlas Salt)||n/a|
|Market Bottom 25% (CA)||1.9%|
|Market Top 25% (CA)||6.0%|
|Industry Average (Metals and Mining)||2.6%|
|Analyst forecast in 3 Years (Atlas Salt)||n/a|
Notable Dividend: Unable to evaluate SALT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SALT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SALT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SALT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SALT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Patrick Laracy (62 yo)
Mr. Patrick J. Laracy, LL B., P. Geo, has been a Director at Atlas Salt Inc. (formerly known as Red Moon Resources Inc.) since June 15, 2011 and served as its Chairman of the Board until 2021. He serves as...
Experienced Board: SALT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|24 May 22||BuyCA$106,408||John Anderson||Individual||62,800||CA$1.83|
|12 Nov 21||BuyCA$42,162||John Anderson||Individual||30,000||CA$1.41|
|20 Oct 21||BuyCA$62,500||John Anderson||Individual||50,000||CA$1.25|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.5%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Atlas Salt Inc.'s employee growth, exchange listings and data sources
- Name: Atlas Salt Inc.
- Ticker: SALT
- Exchange: TSXV
- Founded: 2011
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: CA$172.562m
- Shares outstanding: 87.60m
- Website: https://www.atlassalt.com
- Atlas Salt Inc.
- 333 Duckworth Street
- Saint John's
- Newfoundland and Labrador
- A1C 1G9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SALT||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Aug 2012|
|REMR.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 2012|
|9D00||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Aug 2012|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.