Is Route 109 Resources Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Route 109 Resources Inc (RTE.V) 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 Route 109 Resources Inc 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 Route 109 Resources Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Route 109 Resources Inc?

Muslim investors may consider investing in Route 109 Resources Inc 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 Route 109 Resources Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Route 109 Resources Inc 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 Route 109 Resources Inc updated?

The Shariah compliance status of Route 109 Resources Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Route 109 Resources Inc 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 Route 109 Resources Inc?

You can check the latest Shariah compliance status of Route 109 Resources Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

RTE.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2025

Report Source: 2025 2nd Quarter Report

Route 109 Resources Inc. Stock Analysis RTE.V

Canada N/A Nano Cap Report: Q2, 2025

Route 109 Resources, Inc. is a mineral exploration company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-02-22. The firm is focused on its 100% interest in its two projects, both located in the prolific Abitibi greenstone belt: King Tut Project and Dunlop Bay Project. The King Tut Project consists of approximately 120 contiguous claims on 5,206 hectares. The Property is located in Abitibi Gold Belt, a region of Canada that extends from Wawa, Ontario to Val-d'Or, Quebec. The Dunlop Bay Project consists of approximately 76 mineral claims that cover 4,226 hectares. The Property is located in Matagami District, 15 kilometers (km) north-east of NUVAU Matagami Lake Mine Mill, which has the capability to process zinc, copper, silver and gold material from the Bracemac-McLoed Mine.

Key Statistics of Route 109 Resources Inc (RTE.V)

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

Today's Range

CAD0.14CAD0.14

Today's Open

CAD0.14

Volume

1000.00

P/E Ratio (TTM)

52 Week Range

CAD0.06CAD0.18

Market Cap

2.26M

Avg. Volume

32.76K

Dividend Yield

Financial Metrics & Statements of Route 109 Resources Inc (RTE.V)

FAQ's for Route 109 Resources Inc (RTE.V)

According to Musaffa’s Shariah screening methodology, Route 109 Resources Inc (RTE.V) 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.