Is Longhorn Exploration Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Longhorn Exploration Corp (LEX.V) is currently classified as NOT HALAL as of November 2024. 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 Longhorn Exploration 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 Longhorn Exploration Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Longhorn Exploration Corp?

Muslim investors may consider investing in Longhorn Exploration 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 Longhorn Exploration Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Longhorn Exploration 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 Longhorn Exploration Corp updated?

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

Can a halal stock like Longhorn Exploration 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 Longhorn Exploration Corp?

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

LEX.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 04, 2024

Report Source: 2024 3rd Quarter Report

Longhorn Exploration Corp. Stock Analysis LEX.V

Canada N/A Nano Cap Report: Q3, 2024

Longhorn Exploration Corp. is an exploration stage company, which engages in the acquisition of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2022-05-09. The firm is focused on Lily Rock Hydrogen Project, covering approximately 519.7 net acres of land located in Kansas, United States, which allows for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The firm also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia. The firm has the rights to acquire 100% of the optionor’s 11 mining claims located in Chilcotin, British Columbia, Canada.

Key Statistics of Longhorn Exploration Corp (LEX.V)

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

Today's Range

CAD0.26CAD0.28

Today's Open

CAD0.26

Volume

2500.00

P/E Ratio (TTM)

Market Cap

9.63M

Avg. Volume

93.25K

Dividend Yield

Financial Metrics & Statements of Longhorn Exploration Corp (LEX.V)

FAQ's for Longhorn Exploration Corp (LEX.V)

According to Musaffa’s Shariah screening methodology, Longhorn Exploration Corp (LEX.V) is currently classified as NOT HALAL as of November 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.