Is Nevada Canyon Gold Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Nevada Canyon Gold Corp (NGLD) 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.

Is Nevada Canyon 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 Nevada Canyon Gold Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Nevada Canyon Gold Corp?

Muslim investors may consider investing in Nevada Canyon 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 Nevada Canyon Gold Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Nevada Canyon 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 Nevada Canyon Gold Corp updated?

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

Can a halal stock like Nevada Canyon 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 Nevada Canyon Gold Corp?

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

NGLD Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 14, 2024

Report Source: 2024 1st Quarter Report

Nevada Canyon Gold Corp. Stock Analysis NGLD

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

Nevada Canyon Gold Corp. engages in the acquisition and exploration of mineral properties and royalty interests. The company is headquartered in Reno, Nevada. The company went IPO on 2015-01-27. The firm is involved in acquiring and exploring mineral properties and royalty interests in Nevada and Idaho. The Company’s properties include Loman project, Agai-Pah project, and Belshazzar project. The Loman project is within the Walker Lane shear zone, a 100-kilometer-wide structural corridor extending in a southeast direction from Reno, Nevada, located 18 miles southeast of Hawthorne, Nevada, along United States Highway 95. The Loman project consists of approximately 30 unpatented mining claims (600 acres). The Agai-Pah Property consists of 20 unpatented mining claims with a combined area of 162 hectares (400 acres). The Belshazzar Project consists of approximately 10 unpatented mineral claims and seven placer mineral claims (156 acres) situated along the upper reaches of Fall Creek within the Quartzburg mining district, Boise County, Idaho, about 25 miles north-northeast of Boise.

Key Statistics of Nevada Canyon Gold Corp (NGLD)

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

Today's Range

$0.47$0.59

Today's Open

$0.59

Volume

17.05K

P/E Ratio (TTM)

52 Week Range

$0.37$1.25

Market Cap

12.97M

Avg. Volume

11.19K

Dividend Yield

Financial Metrics & Statements of Nevada Canyon Gold Corp (NGLD)

FAQ's for Nevada Canyon Gold Corp (NGLD)

According to Musaffa’s Shariah screening methodology, Nevada Canyon Gold Corp (NGLD) 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.