Is Cross Border Resources Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Cross Border Resources Inc (XBOR) is currently classified as NOT COVERED as of May 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 Cross Border 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 Cross Border Resources Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Cross Border Resources Inc?

Muslim investors may consider investing in Cross Border 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 Cross Border Resources Inc classified as NOT COVERED?

Musaffa determines the Shariah status of Cross Border 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 Cross Border Resources Inc updated?

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

Can a halal stock like Cross Border 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 Cross Border Resources Inc?

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

Cross Border Resources Inc. Stock Analysis XBOR

United States Energy Nano Cap

Cross Border Resources, Inc. is an independent natural gas and oil company, which engages in the exploration, development, exploitation and acquisition of natural gas and oil reserves in North America. The firm primarily focuses on the area of the State of New Mexico, principally southeastern New Mexico. As of June 30, 2014, the Company owned over 865,893 gross (approximately 293,843 net) mineral and lease acres in New Mexico. The Company’s producing oil and natural gas properties are concentrated in the Permian Basin. The Company’s main area of focus is the Tom Tom/Tomahawk Prospect, where the Company would continue work on the field alongside the execution of its remediation plan. A significant majority of its acreage consists of either owned mineral rights or leases held by production.

Key Statistics of Cross Border Resources Inc (XBOR)

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

Today's Range

$0.00$0.00

Today's Open

$0.00

Volume

109.00

P/E Ratio (TTM)

52 Week Range

$0.00$0.00

Market Cap

17.30

Avg. Volume

191.00

Dividend Yield

Financial Metrics & Statements of Cross Border Resources Inc (XBOR)

FAQ's for Cross Border Resources Inc (XBOR)

According to Musaffa’s Shariah screening methodology, Cross Border Resources Inc (XBOR) is currently classified as NOT COVERED as of May 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.