Is Canyon Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Canyon Resources Ltd (CAY.AX) is currently classified as NOT HALAL as of October 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Canyon Resources Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Canyon Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Canyon Resources Ltd?

Muslim investors may consider investing in Canyon Resources Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Canyon Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Canyon Resources Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Canyon Resources Ltd updated?

The Shariah compliance status of Canyon Resources Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Canyon Resources Ltd become non-compliant?

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.

Where can I check the Shariah status of Canyon Resources Ltd?

You can check the latest Shariah compliance status of Canyon Resources Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

CAY.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 14, 2025

Report Source: 2025 Annual Report

Analyst's Ratings for Canyon Resources Ltd (CAY.AX)

Based on 5 analysts giving stock ratings to Canyon Resources Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Canyon Resources Ltd. Stock Analysis CAY.AX

Australia Materials Micro Cap Report: 2025 Annual

Canyon Resources Ltd. engages in the business of bauxite exploration and engineering studies. The firm is focused on expediting the development of the high-grade Minim Martap Bauxite project in central Cameroon through its wholly owned subsidiary, Camalco Cameroon SA (Camalco). The Company’s 100% owned Minim Martap Bauxite project is a global direct shipping ore (DSO) project development opportunity. The project is located in central Cameroon and situated near the main rail line linking the region to the Atlantic port of Douala. The project seeks to produce up to 6.4 metric tons of bauxite per annum. The Minim Martap Bauxite Project comprises the Makan, the Ngaoundal and the Minim Martap exploration permits. The Minim Martap and Makan permits are adjacent and are located around 25km from Ngaoundal permit. These permits cover an area of approximately 981 square kilometers (km2).

Key Statistics of Canyon Resources Ltd (CAY.AX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

AUD0.15AUD0.16

Today's Open

AUD0.16

Volume

472.36K

P/E Ratio (TTM)

52 Week Range

AUD0.12AUD0.31

Market Cap

268.07M

Avg. Volume

142.12K

Dividend Yield

Financial Metrics & Statements of Canyon Resources Ltd (CAY.AX)

FAQ's for Canyon Resources Ltd (CAY.AX)

According to Musaffa’s Shariah screening methodology, Canyon Resources Ltd (CAY.AX) is currently classified as NOT HALAL as of October 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.