Is Golden Ridge Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Golden Ridge Resources Ltd (GLDN.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 Golden Ridge 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 Golden Ridge Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Golden Ridge Resources Ltd?

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

Musaffa determines the Shariah status of Golden Ridge 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 Golden Ridge Resources Ltd updated?

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

Can a halal stock like Golden Ridge 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 Golden Ridge Resources Ltd?

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

GLDN.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 15, 2025

Report Source: 2025 3rd Quarter Report

Golden Ridge Resources Ltd. Stock Analysis GLDN.V

Canada Materials Nano Cap Report: Q3, 2025

Golden Ridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties. The company is headquartered in West Kelowna, British Columbia. The company went IPO on 2011-10-03. The firm's projects include the Hank Project and the Williams Project. The company owns a 100% interest in the approximately 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometers (km) north of Stewart, British Columbia, and has a portfolio of exploration projects in Newfoundland. The firm owns a 100% interest in the approximately 1,550-hectare Williams gold property, which is surrounded by New Found Gold Corp's Queensway South Gold Property1 in the Central Newfoundland Gold Belt of the province of Newfoundland and Labrador.

Key Statistics of Golden Ridge Resources Ltd (GLDN.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

54.50K

P/E Ratio (TTM)

52 Week Range

CAD0.04CAD0.08

Market Cap

3.40M

Avg. Volume

46.07K

Dividend Yield

Financial Metrics & Statements of Golden Ridge Resources Ltd (GLDN.V)

FAQ's for Golden Ridge Resources Ltd (GLDN.V)

According to Musaffa’s Shariah screening methodology, Golden Ridge Resources Ltd (GLDN.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.