Is CGN Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, CGN Resources Ltd (CGR.AX) is currently classified as NOT HALAL as of July 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 CGN 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 CGN Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of CGN Resources Ltd?

Muslim investors may consider investing in CGN 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 CGN Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of CGN 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 CGN Resources Ltd updated?

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

Can a halal stock like CGN 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 CGN Resources Ltd?

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

CGR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

CGN Resources Ltd. Stock Analysis CGR.AX

Australia Materials Nano Cap Report: Q2, 2025

CGN Resources Ltd. engages in the exploration and evaluation of minerals. The Company’s flagship Webb Project encompasses a significant 961 square kilometer package of tenements located in the highly prospective West Arunta Orogen in Western Australia. The Webb Project is located in northern Western Australia, in the Aileron province of the West Arunta Orogen (WAO). The Company’s six targets include Tantor, Surus, Shep, Hathi, Snorky and Horton. The company considers four potential deposits, including iron oxide copper gold (IOCG)-style, Orthomagmatic nickel, rare earth elements (REE) mineralization and Diamondiferous kimberlites.

Key Statistics of CGN Resources Ltd (CGR.AX)

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

Today's Range

AUD0.06AUD0.07

Today's Open

AUD0.07

Volume

9000.00

P/E Ratio (TTM)

52 Week Range

AUD0.04AUD0.14

Market Cap

6.94M

Avg. Volume

41.52K

Dividend Yield

Financial Metrics & Statements of CGN Resources Ltd (CGR.AX)

FAQ's for CGN Resources Ltd (CGR.AX)

According to Musaffa’s Shariah screening methodology, CGN Resources Ltd (CGR.AX) is currently classified as NOT HALAL as of July 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.