Is South Pacific Metals Corp. halal to invest in?

According to Musaffa's Shariah screening methodology, South Pacific Metals Corp. (SPMC.V) is currently classified as NOT HALAL as of May 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 South Pacific Metals 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 South Pacific Metals Corp. using these criteria to determine its compliance status.

Can Muslims buy shares of South Pacific Metals Corp.?

Muslim investors may consider investing in South Pacific Metals 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 South Pacific Metals Corp. classified as NOT HALAL?

Musaffa determines the Shariah status of South Pacific Metals 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 South Pacific Metals Corp. updated?

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

Can a halal stock like South Pacific Metals 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 South Pacific Metals Corp.?

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

SPMC.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 02, 2025

Report Source: 2024 Annual Report

South Pacific Metals Corp.. Stock Analysis SPMC.V

Canada Materials Nano Cap Report: 2024 Annual

South Pacific Metals Corp. is an exploration company focused on developing gold-copper resources in Papua New Guinea. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2019-03-14. The Company’s projects include Osena, Anga, Kili Teke, and May River. The Osena project, covering 738 square kilometers (km2) of strategic ground, is located southwest adjacent to the Au-Cu-producing K92 project in the Kainantu District. The Anga project is located immediately northeast adjacent to K92’s operating Kainantu Gold Mine, known for its gold, copper and silver outputs. The project consists of 461 km2 of exploration licenses in the Kainantu District. The May River project spans 1,697 km2 of licenses adjacent to the tier-1 Frieda River Cu-Au Project in the East Sepik Province. The Kili Teke project is located in the Western Highlands of Papua New Guinea in a prolific gold mineralized region, which consists of a 253 km2 exploration license (EL 2310).

Key Statistics of South Pacific Metals Corp. (SPMC.V)

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

Today's Range

CAD0.48CAD0.50

Today's Open

CAD0.50

Volume

6545.00

P/E Ratio (TTM)

52 Week Range

CAD0.33CAD0.94

Market Cap

36.64M

Avg. Volume

51.35K

Dividend Yield

Financial Metrics & Statements of South Pacific Metals Corp. (SPMC.V)

FAQ's for South Pacific Metals Corp. (SPMC.V)

According to Musaffa’s Shariah screening methodology, South Pacific Metals Corp. (SPMC.V) is currently classified as NOT HALAL as of May 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.