Is Montero Mining and Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Montero Mining and Exploration Ltd (MON.V) is currently classified as NOT HALAL as of July 2025. 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 Montero Mining and Exploration Ltd 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 Montero Mining and Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Montero Mining and Exploration Ltd?

Muslim investors may consider investing in Montero Mining and Exploration Ltd 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 Montero Mining and Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Montero Mining and Exploration Ltd 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 Montero Mining and Exploration Ltd updated?

The Shariah compliance status of Montero Mining and Exploration Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Montero Mining and Exploration Ltd 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 Montero Mining and Exploration Ltd?

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

MON.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 14, 2025

Report Source: 2025 1st Quarter Report

Montero Mining and Exploration Ltd. Stock Analysis MON.V

Canada Materials Nano Cap Report: Q1, 2025

Montero Mining & Exploration Ltd. operates as a mineral exploration and development company, which engages in the identification, acquisition, evaluation, and exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2011-02-15. The firm's Avispa Copper-Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and 220 kilometers north-east of Antofagasta. The project is accessible via an asphalt road to the ports of Tocopilla and Antofagasta. The firm holds approximately 203 square kilometers (km2) of exploration mining concessions in an almost contiguous area south of the main highway between Calama and Tocopilla. The Avispa Project is situated within the north-south trending Paleocene Porphyry Copper Belt, also known as the Sierra Gorda-Spence-Cerro Colorado Porphyry Copper-Molybdenum Belt. The project is eight km south of the Chug-Chug porphyry system, which exhibits Quartz-Sercite-Tourmaline breccias and copper oxide mineralization on the surface.

Key Statistics of Montero Mining and Exploration Ltd (MON.V)

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

Today's Range

CAD0.60CAD0.63

Today's Open

CAD0.63

Volume

1794.00

P/E Ratio (TTM)

52 Week Range

CAD0.21CAD2.05

Market Cap

5.68M

Avg. Volume

10.36K

Dividend Yield

Financial Metrics & Statements of Montero Mining and Exploration Ltd (MON.V)

FAQ's for Montero Mining and Exploration Ltd (MON.V)

According to Musaffa’s Shariah screening methodology, Montero Mining and Exploration Ltd (MON.V) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.