Risk factor
Very high price volatility
Profitability factor
Very favourable analyst view
About
Atlas Salt Inc. is a Canadian firm primarily engaged in the assessment and exploration of mineral deposits across Newfoundland and Labrador. The company's search efforts concentrate on discovering salt, gypsum, and nepheline resources. Its flagship property is the Great Atlantic salt project, which it wholly owns and operates, situated within the St. George's Bay Basin in western Newfoundland. Originally incorporated in 2011, the company was known as Red Moon Resources Inc. until it rebranded to Atlas Salt Inc. in August 2021. Its corporate headquarters are located in Saint George's, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.
Target Price
The average target price of SALT.V is 2.50 and suggests 73.6% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in