Analyst Coverage Change
On Friday January 27th, STA Research assigned Atlas Salt Inc. with a Speculative Buy rating, and a 12 month target forecast of $2.75 per share.
SALT Stock Forecast & Analysis
Stock Target Advisor’s analysis of Atlas Salt Inc. is slightly bearish, which means that the overall sentiment towards the stock is negative. This conclusion is based on a combination of positive and negative signals. In this case, there are 2 positive signals and 3 negative signals, as such the stock can be seen as a possible “Speculative Play”, or a “Bearish Play”.
The last closing price for Atlas Salt Inc’s stock was CAD 1.94. The stock price has experienced a decline of 9.35% over the past week, a decline of 6.28% over the past month, but has also seen an increase of 19.02% over the past year.
About Atlas Salt Inc.
Atlas Salt Inc. is a junior mineral exploration company that is focused on the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company’s main area of focus is the exploration for potash, salt, gypsum, and other mineral deposits.
The company holds a 100% interest in the Great Atlantic salt project, which is located in the Bay St. George Basin of Western Newfoundland. Additionally, the company holds interests in the Ace Gypsum project, which is located in the dormant Flat Bay gypsum mines to the southwest of the Great Atlantic salt deposit, and the Black Bay Nepheline property, which is located in southern Labrador.
As of December 31, 2020, the company held 19 mineral licenses for approximately 5,500 hectares in the Bay St. George region of Western Newfoundland and in Black Bay, Labrador. The company was formerly known as Red Moon Resources Inc. and changed its name to Atlas Salt Inc. in August 2021. Atlas Salt Inc. was founded in 2011 and is headquartered in St. John’s, Canada.
It’s worth noting that junior mineral exploration companies like Atlas Salt Inc. are considered high-risk investments, as they are not yet producing revenue and are dependent on the success of their exploration and development activities. Investors should be aware of the risks and should carefully consider the company’s financial situation, management, and potential reserves before making any investment decisions.
