Is Hillgrove Resources Ltd halal to invest in?

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

Can Muslims buy shares of Hillgrove Resources Ltd?

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

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

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

Can a halal stock like Hillgrove 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 Hillgrove Resources Ltd?

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

HGO.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 20, 2025

Report Source: 2025 2nd Quarter Report

Analyst's Ratings for Hillgrove Resources Ltd (HGO.AX)

Based on 6 analysts giving stock ratings to Hillgrove Resources Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Hillgrove Resources Ltd. Stock Analysis HGO.AX

Australia Materials Micro Cap Report: Q2, 2025

Hillgrove Resources Ltd. is an Australian mining company focused on developing its Indonesian and Australian base and precious metals projects. The firm's flagship project, The Kanmantoo Underground project, is located approximately 55km from Adelaide. The Kanmantoo Copper Mine, located in the mining jurisdiction of South Australia, has quickly ramped up to an annual copper production rate of approximately 12,000 tons and is well-capitalized with a 3.6 million tons per annum processing plant. The firm holds 100 % of a series of Exploration Licenses covering over 4,187 square kilometers in south-east South Australia alongside 311 square kilometres surrounding the Kanmantoo Mine and the northern Mount Lofty Ranges in the Cambrian-Ordovician Kanmantoo Province.

Key Statistics of Hillgrove Resources Ltd (HGO.AX)

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

Today's Range

AUD0.05AUD0.05

Today's Open

AUD0.05

Volume

7.24M

P/E Ratio (TTM)

1,781.27

52 Week Range

AUD0.03AUD0.06

Market Cap

133.15M

Avg. Volume

2.76M

Dividend Yield

Financial Metrics & Statements of Hillgrove Resources Ltd (HGO.AX)

FAQ's for Hillgrove Resources Ltd (HGO.AX)

According to Musaffa’s Shariah screening methodology, Hillgrove Resources Ltd (HGO.AX) is currently classified as NOT HALAL as of October 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.