Is NGEx Minerals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, NGEx Minerals Ltd (NGEX.TO) is currently classified as NOT HALAL as of March 2026. 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 NGEx Minerals 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 NGEx Minerals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of NGEx Minerals Ltd?

Muslim investors may consider investing in NGEx Minerals 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 NGEx Minerals Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of NGEx Minerals 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 NGEx Minerals Ltd updated?

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

Can a halal stock like NGEx Minerals 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 NGEx Minerals Ltd?

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

NGEX.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 30, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for NGEx Minerals Ltd (NGEX.TO)

Based on 15 analysts giving stock ratings to NGEx Minerals Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

NGEx Minerals Ltd. Stock Analysis NGEX.TO

Canada Materials Mid Cap Report: 2025 Annual

NGEx Minerals Ltd. is a copper and gold exploration company. The company is headquartered in Vancouver, British Columbia and currently employs 54 full-time employees. The company went IPO on 2019-08-20. The firm is focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project located approximately nine kilometers northeast in Chile's Region III. Both projects are located within the Vicuna District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits. The company owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project. The company holds an approximately 69% interest in Los Helados subject to a Joint Exploration Agreement with Nippon Caserones Resources which holds the remaining approximately 31%. Its Valle Ancho Project is a significant land package located in the Province of Catamarca, Argentina that covers around 1,000 square kilometers.

Key Statistics of NGEx Minerals Ltd (NGEX.TO)

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

Today's Range

CAD26.55CAD28.14

Today's Open

CAD28.14

Volume

264.02K

P/E Ratio (TTM)

52 Week Range

CAD11.83CAD32.41

Market Cap

5.30B

Avg. Volume

309.33K

Dividend Yield

Financial Metrics & Statements of NGEx Minerals Ltd (NGEX.TO)

FAQ's for NGEx Minerals Ltd (NGEX.TO)

According to Musaffa’s Shariah screening methodology, NGEx Minerals Ltd (NGEX.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.