MEEC Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: June 14, 2024
Report Source: 2024 1st Quarter Report
Midwest Energy Emissions Corp. Stock Analysis MEEC
Midwest Energy Emissions Corp. is an environmental services and technology company, which engages in the development of mercury emission control technologies. The company is headquartered in Corsicana, Texas and currently employs 9 full-time employees. The company went IPO on 2003-08-29. The firm provides mercury capture solutions driven by its patented two-part Sorbent Enhancement Additive (SEA) process using a combination of science and engineering. Its SEA technology provides total mercury control with solutions that are based on scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas. The company designs systems and materials tailored and formulated specifically to each customer’s coal-fired units. Its two-pronged solution consists of front-end additives put on the coal or directly into the boiler in minimal amounts combined with a back-end sorbent injection solution to ensure maximum mercury capture. Its processes also preserve fly ash which can be sold and recycled for beneficial use.
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Key Statistics of Midwest Energy Emissions Corp (MEEC)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$0.67Volume
209.03KP/E Ratio (TTM)
8.9452 Week Range
Market Cap
61.43MAvg. Volume
84.02KDividend Yield
-Financial Metrics & Statements of Midwest Energy Emissions Corp (MEEC)
FAQ's for Midwest Energy Emissions Corp (MEEC)
- According to Musaffa’s Shariah screening methodology, Midwest Energy Emissions Corp (MEEC) is currently classified as NOT HALAL as of June 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.