Is Element79 Gold Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Element79 Gold Corp (ELEM.CN) 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 Element79 Gold Corp 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 Element79 Gold Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Element79 Gold Corp?

Muslim investors may consider investing in Element79 Gold Corp 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 Element79 Gold Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Element79 Gold Corp 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 Element79 Gold Corp updated?

The Shariah compliance status of Element79 Gold Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Element79 Gold Corp 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 Element79 Gold Corp?

You can check the latest Shariah compliance status of Element79 Gold Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

ELEM.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2025 2nd Quarter Report

Analyst's Ratings for Element79 Gold Corp (ELEM.CN)

Based on 7 analysts giving stock ratings to Element79 Gold Corp in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Element79 Gold Corp. Stock Analysis ELEM.CN

Canada N/A Nano Cap Report: Q2, 2025

Element79 Gold Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. The firm is focused on gold and silver exploration, with a portfolio of assets in Nevada and Peru. The firm is advancing its Elephant project in the Battle Mountain trend of Nevada, as well as the drill-ready Gold Mountain project in Battle Mountain, Nevada. The firm also holds an option to purchase the high-grade Lucero mine in southern Peru. The Elephant project comprises 196 claims with an area of approximately 3,758 acres. The company is located only a few kilometers away from historically significant mines that include Fortitude and Copper Canyon. The Gold Mountain Project is comprised of over 34 unpatented lode mining claims spanning approximately 284 hectares in the historically prolific Battle Mountain mining district of Lander County, Nevada.

Key Statistics of Element79 Gold Corp (ELEM.CN)

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

Today's Range

CAD0.02CAD0.02

Today's Open

CAD0.02

Volume

36.86K

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.05

Market Cap

5.18M

Avg. Volume

58.11K

Dividend Yield

Financial Metrics & Statements of Element79 Gold Corp (ELEM.CN)

FAQ's for Element79 Gold Corp (ELEM.CN)

According to Musaffa’s Shariah screening methodology, Element79 Gold Corp (ELEM.CN) 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.