Is New Energy Metals Corp halal to invest in?

According to Musaffa's Shariah screening methodology, New Energy Metals Corp (ENRG.V) 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 New Energy Metals 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 New Energy Metals Corp using these criteria to determine its compliance status.

Can Muslims buy shares of New Energy Metals Corp?

Muslim investors may consider investing in New Energy Metals 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 New Energy Metals Corp classified as NOT HALAL?

Musaffa determines the Shariah status of New Energy Metals 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 New Energy Metals Corp updated?

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

Can a halal stock like New Energy Metals 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 New Energy Metals Corp?

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

ENRG.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 3rd Quarter Report

New Energy Metals Corp. Stock Analysis ENRG.V

Canada N/A Nano Cap Report: Q3, 2025

New Energy Metals Corp. engages in the business of evaluation, acquisition, and exploration of mineral properties in search of economic mineral deposits. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-01-25. The firm has an option to purchase a 100% interest in the Troitsa Copper property covering approximately 7,000 hectares, located in the Omineca Mining Division of British Columbia. Troitsa is located 30 kilometers (km) south of the advanced-stage Berg porphyry copper deposit, and 15 kilometers southwest of the Huckleberry past-producing porphyry copper-moly deposit and the nearby Ox and Seel developed porphyry copper prospects. Troitsa is a copper porphyry exploration project.

Key Statistics of New Energy Metals Corp (ENRG.V)

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

Today's Range

CAD0.21CAD0.23

Today's Open

CAD0.23

Volume

6017.00

P/E Ratio (TTM)

52 Week Range

CAD0.13CAD0.33

Market Cap

1.02M

Avg. Volume

21.70K

Dividend Yield

Financial Metrics & Statements of New Energy Metals Corp (ENRG.V)

FAQ's for New Energy Metals Corp (ENRG.V)

According to Musaffa’s Shariah screening methodology, New Energy Metals Corp (ENRG.V) 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.