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ALTX Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: November 08, 2024
Report Source: 2024 3rd Quarter Report
Altex Industries Inc. Stock Analysis ALTX
United States Energy Nano Cap Report: Altex Industries, Inc. is a holding company, which engages in the ownership of interests in onshore oil and gas properties, purchase and sale of oil and gas properties, and the drill of exploratory and development wells. The company is headquartered in Denver, Colorado and currently employs 1 full-time employees. The Company, through its operating subsidiary, Altex Oil Corporation (AOC), owns interests in onshore oil and gas properties, has bought and sold producing oil and gas properties. The firm has also participated in the drilling of exploratory and development wells, and in recompletions of existing wells. All of AOC's interests are in properties operated by others. The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and processing plants. The firm's estimated reserves are 1,300 barrels of developed oil reserves associated with its 4.4% override in the Glo Field in Campbell County, Wyoming. The firm owns small mineral interests in Utah. All the Company's production is located in Utah and Wyoming.
Read More Altex Industries Inc (ALTX) Chart
Key Statistics of Altex Industries Inc (ALTX)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$0.22Volume
800.00P/E Ratio (TTM)
-52 Week Range
Market Cap
2.54MAvg. Volume
3597.22Dividend Yield
-Financial Metrics & Statements of Altex Industries Inc (ALTX)
FAQ's for Altex Industries Inc (ALTX)
- According to Musaffa’s Shariah screening methodology, Altex Industries Inc (ALTX) is currently classified as NOT HALAL as of November 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Altex Industries Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Altex Industries Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Altex Industries Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Altex Industries Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Altex Industries Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.