Is Granada Gold Mine Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Granada Gold Mine Inc (GGM.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 Granada Gold Mine Inc 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 Granada Gold Mine Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Granada Gold Mine Inc?

Muslim investors may consider investing in Granada Gold Mine 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.

Why is Granada Gold Mine Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Granada Gold Mine Inc 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 Granada Gold Mine Inc updated?

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

Can a halal stock like Granada Gold Mine Inc 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 Granada Gold Mine Inc?

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

GGM.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2025 3rd Quarter Report

Granada Gold Mine Inc. Stock Analysis GGM.V

Canada Materials Nano Cap Report: Q3, 2025

Granada Gold Mine, Inc. is a Canadian junior mining and exploration company, which engages in the business of acquiring, exploring, and developing mineral property interests. The principal business of the Company is the acquisition, exploration and development of mineral property interests. The firm is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, and is adjacent to the prolific Cadillac Break. The Granada Gold Property is located five kilometers (km) south of the historic mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The firm owns 14.73 square kilometers of land in a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.

Key Statistics of Granada Gold Mine Inc (GGM.V)

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

Today's Range

CAD0.05CAD0.05

Today's Open

CAD0.05

Volume

9000.00

P/E Ratio (TTM)

52 Week Range

CAD0.02CAD0.12

Market Cap

10.23M

Avg. Volume

190.93K

Dividend Yield

Financial Metrics & Statements of Granada Gold Mine Inc (GGM.V)

FAQ's for Granada Gold Mine Inc (GGM.V)

According to Musaffa’s Shariah screening methodology, Granada Gold Mine Inc (GGM.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.