Is West Red Lake Gold Mines Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, West Red Lake Gold Mines Ltd (WRLG.V) is currently classified as NOT HALAL as of January 2026. 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 West Red Lake Gold Mines 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 West Red Lake Gold Mines Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of West Red Lake Gold Mines Ltd?

Muslim investors may consider investing in West Red Lake Gold Mines 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 West Red Lake Gold Mines Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of West Red Lake Gold Mines 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 West Red Lake Gold Mines Ltd updated?

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

Can a halal stock like West Red Lake Gold Mines 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 West Red Lake Gold Mines Ltd?

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

WRLG.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 31, 2026

Report Source: 2025 3rd Quarter Report

Analyst's Ratings for West Red Lake Gold Mines Ltd (WRLG.V)

Based on 7 analysts giving stock ratings to West Red Lake Gold Mines Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

West Red Lake Gold Mines Ltd. Stock Analysis WRLG.V

Canada Materials Small Cap Report: Q3, 2025

West Red Lake Gold Mines Ltd. engages in the exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The firm is focused on its flagship high-grade Madsen Gold Mine and the 47 square kilometers (km2) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of around 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). The company also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past-producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Mine property comprises 119 claims, 50 patented, 18 leased, and 49 staked claims. The 3,100-hectare Rowan Property covers 12 km of strike length in the regional east-west trending Pipestone Bay St Paul Deformation Zone. The Mount Jamie Mine property consists of around 26 claims, 9 patented, 1 leased, and 16 staked claims.

Key Statistics of West Red Lake Gold Mines Ltd (WRLG.V)

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

Today's Range

CAD0.67CAD0.70

Today's Open

CAD0.69

Volume

1.90M

P/E Ratio (TTM)

601.18

52 Week Range

CAD0.67CAD1.49

Market Cap

433.22M

Avg. Volume

3.08M

Dividend Yield

Financial Metrics & Statements of West Red Lake Gold Mines Ltd (WRLG.V)

FAQ's for West Red Lake Gold Mines Ltd (WRLG.V)

According to Musaffa’s Shariah screening methodology, West Red Lake Gold Mines Ltd (WRLG.V) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.