Is Metalstech Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Metalstech Ltd (MTC.AX) is currently classified as HALAL as of February 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 Metalstech 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 Metalstech Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Metalstech Ltd?

Muslim investors may consider investing in Metalstech 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 Metalstech Ltd classified as HALAL?

Musaffa determines the Shariah status of Metalstech 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 Metalstech Ltd updated?

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

Can a halal stock like Metalstech 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 Metalstech Ltd?

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

MTC.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: February 16, 2024

Report Source: 2023 Annual Report

Metalstech Ltd. Stock Analysis MTC.AX

Australia Materials Micro Cap Report: 2023 Annual

MetalsTech Ltd. produces and mines lithium and other minerals. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2017-02-24. The Company’s principal activity is the mineral exploration at the Sturec gold exploration project. The Company’s project includes Sturec Gold Mine, Slovakia. The Company’s 100% owned Kremnica Mining License covers approximately nine square kilometers. Its significant exploration upside exists along strike of the Sturec resources as well as down dip/plunge of the existing ore. The company produced over 1.5 million ounces (Moz) of gold and 6.7 Moz of silver. The Sturec project remains the flagship project of the Company hosting a Joint Ore Reserves Committee (2012) Measured, indicated and inferred resource of over 2.7 million ounces of gold. The Company’s subsidiaries include Ortac Resources (UK) Ltd, Ortac s.r.o., and St Stephans Gold s.r.o.

Key Statistics of Metalstech Ltd (MTC.AX)

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

Today's Range

AUD0.25AUD0.25

Today's Open

AUD0.25

Volume

62.07K

P/E Ratio (TTM)

52 Week Range

AUD0.11AUD0.38

Market Cap

71.17M

Avg. Volume

58.40K

Dividend Yield

Financial Metrics & Statements of Metalstech Ltd (MTC.AX)

FAQ's for Metalstech Ltd (MTC.AX)

According to Musaffa’s Shariah screening methodology, Metalstech Ltd (MTC.AX) is currently classified as HALAL as of February 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.