Is Spearmint Resources Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Spearmint Resources Inc (SPMT.CN) is currently classified as NOT HALAL as of June 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 Spearmint 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 Spearmint Resources Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Spearmint Resources Inc?

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

Musaffa determines the Shariah status of Spearmint 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 Spearmint Resources Inc updated?

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

Can a halal stock like Spearmint 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 Spearmint Resources Inc?

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

SPMT.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 27, 2025

Report Source: 2025 Annual Report

Spearmint Resources Inc. Stock Analysis SPMT.CN

Canada N/A Nano Cap Report: 2025 Annual

Spearmint Resources, Inc. engages in the identification, acquisition, and exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2010-04-30. The firm has several active projects across Canada and North America. The Company’s projects include four projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tons and 723,000 inferred tons of lithium carbonate equivalent (LCE) for a total of 2,092,000 tons of LCE; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; the 124-acre Green Clay lithium project; and the 248-acre Clayton Ridge gold project, the 4,722-acre George Lake South Antimony Project in New Brunswick and the 2,582 acre Sisson North Tungsten Project.

Key Statistics of Spearmint Resources Inc (SPMT.CN)

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

Today's Range

CAD0.09CAD0.11

Today's Open

CAD0.12

Volume

164.50K

P/E Ratio (TTM)

52 Week Range

CAD0.01CAD0.20

Market Cap

2.88M

Avg. Volume

166.98K

Dividend Yield

Financial Metrics & Statements of Spearmint Resources Inc (SPMT.CN)

FAQ's for Spearmint Resources Inc (SPMT.CN)

According to Musaffa’s Shariah screening methodology, Spearmint Resources Inc (SPMT.CN) is currently classified as NOT HALAL as of June 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.