ALTAIR INTERNATIONAL CORP. (ATAO) Jul 2024 Earnings Report
Altair International Corp (ATAO): Investment Report
Overview
Altair International Corp (ATAO) is a metals and mining company that explores for lithium, with its flagship project being the Stonewall project in Nevada. Despite its promising sector, the company has struggled to gain traction, with a current stock price of $0.0271 USD and a market capitalization of $669,164 USD. In this report, we will delve into the company's financial performance, growth prospects, and recent news to provide a comprehensive analysis of ATAO's investment potential.
Core Metrics
- Current price: $0.0271 USD
- 52-week high: $0.165 USD
- 52-week low: $0.02 USD
- Market Cap: $669,164 USD
- P/E Ratio: N/A
- Earnings per Share: -$0.06
- 50-day average: $0.05192
- 200-day average: $0.06244
- Analyst Recommendations: None
Financial Performance
Altair International Corp's financial performance has been challenging, with a negative EPS of -$0.06 and a market capitalization of less than $1 million. The company's cash position is also concerning, with total cash of only $4,298 and a negative free cash flow of -$187,096. However, it is essential to note that the company operates in the metals and mining sector, which can be highly volatile and influenced by macroeconomic factors.
Growth Prospects
Despite the current challenges, Altair International Corp's lithium exploration project in Nevada presents an opportunity for growth. The demand for lithium is increasing due to the growing adoption of electric vehicles and renewable energy technologies. However, the company needs to demonstrate significant progress in its operations and improve its financial performance to attract investors.
News and Updates
Recent news articles highlight the company's lack of analyst coverage, which may contribute to its low stock price. However, the sector in which the company operates is gaining attention, with articles discussing mechatronics and robotics, which could have implications for the demand of metals and minerals.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from prominent firms, which may be due to the company's small market capitalization and lack of analyst coverage.
Summary
In conclusion, Altair International Corp's investment potential is challenging, given its current financial performance and lack of analyst coverage. However, the company's lithium exploration project presents an opportunity for growth, particularly in a sector that is gaining attention. Investors should closely monitor the company's progress and financial performance before making an investment decision.
Disclosures
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