Is Magellan Copper and Gold Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Magellan Copper and Gold Corp (MAGE) 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.

Is Magellan Copper and Gold 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 Magellan Copper and Gold Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Magellan Copper and Gold Corp?

Muslim investors may consider investing in Magellan Copper and Gold 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 Magellan Copper and Gold Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Magellan Copper and Gold 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 Magellan Copper and Gold Corp updated?

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

Can a halal stock like Magellan Copper and Gold 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 Magellan Copper and Gold Corp?

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

MAGE Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2024

Report Source: 2024 1st Quarter Report

Magellan Copper and Gold Corp. Stock Analysis MAGE

United States N/A Nano Cap Report: Q1, 2024

Magellan Copper & Gold Corp. engages in the exploration and development of precious metals in North America. The company is headquartered in Wallace, Idaho. The company went IPO on 2012-05-09. The firm has two primary gold projects, the Cable Mine in Montana, and the Center Star Mine, located near Elk City, Idaho. The firm also controls three copper projects, two in Idaho and one in Arizona.

Key Statistics of Magellan Copper and Gold Corp (MAGE)

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

Today's Range

$0.14$0.15

Today's Open

$0.15

Volume

13.77K

P/E Ratio (TTM)

52 Week Range

$0.09$0.38

Market Cap

5.20M

Avg. Volume

12.26K

Dividend Yield

Financial Metrics & Statements of Magellan Copper and Gold Corp (MAGE)

FAQ's for Magellan Copper and Gold Corp (MAGE)

According to Musaffa’s Shariah screening methodology, Magellan Copper and Gold Corp (MAGE) 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.