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LTUM Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 05, 2024

Report Source: 2024 1st Quarter Report

Lithium Corp

Lithium Corp. Stock Analysis LTUM

United States Materials Nano Cap Report:
Lithium Corp. is an exploration stage mining company, which engages in the identification, acquisition and exploration of metals and minerals with a focus on lithium mineralization on properties. The company is headquartered in Elko, Nevada and currently employs 0 full-time employees. The company went IPO on 2009-09-15. The firm focuses on lithium mineralization on properties located in Nevada, and graphite and other energy metals properties in British Columbia. The Company’s operational focus is to conduct generative exploration activities in Nevada and in British Columbia. The Company’s mineral properties include Fish Lake Valley Property, San Emidio Property, BC Sugar Flake Graphite Property, The Hughes Claims, North Big Smoky Property, and British Columbia Tantalum/REE/Titanium Properties. Fish Lake Valley Property is a lithium/boron/potassium-enriched playa (also known as a salar, or salt pan), which is located in northern Esmeralda County in west central Nevada. The Fish Lake Valley Project in Esmeralda County, Nevada, west central Nevada, consists of the Company’s owned 297 placer claims totaling 10,972 acres (4,440 hectares). The San Emidio property is located in Washoe County in northwestern Nevada.
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Lithium Corp (LTUM) Chart

Key Statistics of Lithium Corp (LTUM)

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

Today's Range

$0.05$0.05

Today's Open

$0.05

Volume

154.38K

P/E Ratio (TTM)

-

52 Week Range

$0.03$0.44

Market Cap

7.19M

Avg. Volume

205.74K

Dividend Yield

-

Financial Metrics & Statements of Lithium Corp (LTUM)

FAQ's for Lithium Corp (LTUM)

  • According to Musaffa’s Shariah screening methodology, Lithium Corp (LTUM) is currently classified as NOT HALAL as of July 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.
  • A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Lithium Corp using these criteria to determine its compliance status.
  • Muslim investors may consider investing in Lithium 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.
  • Musaffa determines the Shariah status of Lithium Corp 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 Lithium Corp 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 Lithium Corp 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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