Is PetroGas Co halal to invest in?

According to Musaffa's Shariah screening methodology, PetroGas Co (PTCO) is currently classified as HALAL as of July 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 PetroGas Co 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 PetroGas Co using these criteria to determine its compliance status.

Can Muslims buy shares of PetroGas Co?

Muslim investors may consider investing in PetroGas Co 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 PetroGas Co classified as HALAL?

Musaffa determines the Shariah status of PetroGas Co 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 PetroGas Co updated?

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

Can a halal stock like PetroGas Co 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 PetroGas Co?

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

PTCO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 31, 2024

Report Source: 2024 Annual Report

PetroGas Co. Stock Analysis PTCO

United States N/A Nano Cap Report: 2024 Annual

PetroGas Co. engages in the provision of mineral exploration services. The company is headquartered in Houston, Texas. The company went IPO on 2014-12-05. The firm's properties include Ellis County, Hemphill County, Madison County, Shelby County, and Emergy County. Ellis County is an overriding royalty interest (ORR), which is located in Oklahoma. Hemphill County is an ORR located in Texas. Madison County is a wellbore interest, which is located in Texas. Shelby County is a wellbore interest, which is located in Texas. Emergy County is a lease purchase located in Utah. The company also has a working interest in the Jane Burns (Burns), and Theo Rogers (Rogers) leases. The Burns and Rogers Leases provide exploration and production opportunities in the Kyote Field pay zone, near the Eagle Ford Shale play with access to available rig crews and other vendor-servicers, due to their close proximity to San Antonio, Texas. The Burns and Rogers Leases holds about seven oil wells. The firm is also seeking to acquire producing and non-producing leases.

Key Statistics of PetroGas Co (PTCO)

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

Today's Range

$0.03$0.05

Today's Open

$0.05

Volume

7301.00

P/E Ratio (TTM)

52 Week Range

$0.02$0.10

Market Cap

1.08M

Avg. Volume

30.17K

Dividend Yield

Financial Metrics & Statements of PetroGas Co (PTCO)

FAQ's for PetroGas Co (PTCO)

According to Musaffa’s Shariah screening methodology, PetroGas Co (PTCO) is currently classified as HALAL as of July 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.