Loncor Gold Inc LONCF
$1.02 $0.01 (1.08%) 1D
Last Updated: Feb 12, 12:00 AM·OOTC
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LONCF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Loncor Gold Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Loncor Gold Inc. Stock Analysis LONCF
United States Materials Micro Cap Loncor Gold, Inc. engages in the acquisition, exploration, and development of gold and mineral properties. The company is headquartered in Toronto, Ontario and currently employs 59 full-time employees. The firm is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of the Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. The company owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.
Loncor Gold Inc (LONCF) Chart
Financial Metrics & Statements of Loncor Gold Inc (LONCF)
FAQ's for Loncor Gold Inc (LONCF)
- As of August 2026, Loncor Gold Inc LONCF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Loncor Gold Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Loncor Gold 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.
- Musaffa determines the Shariah status of Loncor Gold Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Loncor Gold Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Loncor Gold Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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