Is Red Mountain Mining Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Red Mountain Mining Ltd (RMX.AX) 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 Red Mountain Mining 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 Red Mountain Mining Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Red Mountain Mining Ltd?

Muslim investors may consider investing in Red Mountain Mining 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 Red Mountain Mining Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Red Mountain Mining 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 Red Mountain Mining Ltd updated?

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

Can a halal stock like Red Mountain Mining 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 Red Mountain Mining Ltd?

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

RMX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Red Mountain Mining Ltd. Stock Analysis RMX.AX

Australia Materials Nano Cap Report: Q2, 2025

Red Mountain Mining Ltd. engages in the business of mineral exploration and development. The company is headquartered in Perth, Western Australia. The company went IPO on 2011-09-01. Its Armidale Antimony-Gold Project located in NSW, and its US Critical Minerals Portfolio comprising the Utah Antimony Project; the Thompson Falls Antimony Project; the Yellow Pine Antimony Project, and Silver Dollar Antimony Project. Armidale Antimony-Gold Project encompasses 391 km2 of prospective ground within the Southern New England Orogen in northeastern New South Wales. Utah Antimony Project is located 11 km east of the town of Antimony, Utah and the project comprises 87 claims. Thompson Falls Antimony Project lies at the eastern end of Idaho’s Coeur d’Alene mineral district. Silver Dollar Project is located southeast of Yellow Pine in a highly prospective antimony–gold district. Yellow Pine Antimony Project lies within two km of Perpetua Resources’ Stibnite Gold-Antimony Project.

Key Statistics of Red Mountain Mining Ltd (RMX.AX)

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

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

3.25M

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.05

Market Cap

19.00M

Avg. Volume

1.10M

Dividend Yield

Financial Metrics & Statements of Red Mountain Mining Ltd (RMX.AX)

FAQ's for Red Mountain Mining Ltd (RMX.AX)

According to Musaffa’s Shariah screening methodology, Red Mountain Mining Ltd (RMX.AX) 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.