TSX-V

Atlas Salt Inc.

SALT.V•Basic Materials•Other Industrial Metals & Mining
Current Price
$1.27
Today's Change
-3.79%
Market Cap
$164.79M
Volume
131.18K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.

💡 Quick Take

Atlas Salt Inc. focuses on exploring mineral properties, primarily salt, gypsum, and nepheline in Newfoundland and Labrador. Strengths include a strong liquidity position with a current ratio of 3.77 and minimal debt, indicated by a debt/equity ratio of 0.01. However, concerns arise from negative returns on equity and assets, with ROE at -3.7% and ROA at -3.5%. The stock's recent decline of 3.79% may reflect market sentiment amid these financial challenges. Overall, while the company has solid liquidity, its profitability metrics warrant caution.

Based on 22 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$1.84
52 Week Low$0.52
Avg Volume198.25K
Beta1.89
Shares Outstanding124.84M

🔥 Valuation

Market Cap$164.79M
Enterprise Value$157.18M
P/E Ratio-25.24
EV/EBITDA ⚠️-16.49x
Dividend Yield0.00%

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🚩 Red Flags

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Limited Cash Runway

Company is burning $745K per quarter with $2.7M in cash. Approximately 3.6 quarters of runway at current burn rate.

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Significant Losses

Company posted a loss of $-3.5M over the last year, representing Infinity% of revenue.

🌟 Opportunities

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Fortress balance sheet: cash covers total debt 24×, providing significant financial flexibility.

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Excellent liquidity with current ratio of 3.8x ensures operational stability.

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