Is Laredo Oil Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Laredo Oil Inc (LRDC) is currently classified as NOT HALAL as of April 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 Laredo Oil 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 Laredo Oil Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Laredo Oil Inc?

Muslim investors may consider investing in Laredo Oil 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 Laredo Oil Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Laredo Oil 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 Laredo Oil Inc updated?

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

Can a halal stock like Laredo Oil 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 Laredo Oil Inc?

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

LRDC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 27, 2024

Report Source: 2024 3rd Quarter Report

Laredo Oil Inc. Stock Analysis LRDC

United States Energy Micro Cap Report: Q3, 2024

Laredo Oil, Inc. is an oil exploration and production company, which engages in the acquisition of mature fields and the recovery of stranded oil. The company is headquartered in Austin, Texas and currently employs 5 full-time employees. The company went IPO on 2009-11-05. The firm is primarily engaged in acquisition and exploration efforts to find mineral reserves on various properties. The firm specializes in evaluating, acquiring, operating and developing oil and gas properties, as well as engaged in designing, drilling and producing conventional oil wells. The company has identified and acquired approximately 45,766 gross acres and 38,153 net acres of mineral property interests in the State of Montana.

Key Statistics of Laredo Oil Inc (LRDC)

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

Today's Range

$0.83$0.93

Today's Open

$0.93

Volume

1406.00

P/E Ratio (TTM)

52 Week Range

$0.18$0.93

Market Cap

64.43M

Avg. Volume

60.51K

Dividend Yield

Financial Metrics & Statements of Laredo Oil Inc (LRDC)

FAQ's for Laredo Oil Inc (LRDC)

According to Musaffa’s Shariah screening methodology, Laredo Oil Inc (LRDC) is currently classified as NOT HALAL as of April 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.