Is Xtra Gold Resources Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Xtra Gold Resources Corp (XTG.TO) is currently classified as NOT HALAL as of April 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 Xtra Gold Resources 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 Xtra Gold Resources Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Xtra Gold Resources Corp?

Muslim investors may consider investing in Xtra Gold Resources 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 Xtra Gold Resources Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Xtra Gold Resources 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 Xtra Gold Resources Corp updated?

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

Can a halal stock like Xtra Gold Resources 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 Xtra Gold Resources Corp?

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

XTG.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 10, 2026

Report Source: 2025 Annual Report

Xtra Gold Resources Corp. Stock Analysis XTG.TO

Canada Materials Micro Cap Report: 2025 Annual

Xtra-Gold Resources Corp. engages in the exploration of gold properties in Ghana, West Africa. The Company’s exploration activities include the review of existing geological data, grid establishment and soil geochemical sampling, geological mapping, geophysical surveying, trenching, and pitting to test gold-in-soil anomalies. The firm's exploration activity is focused on the Kibi Gold Project comprising approximately 33.65 square kilometers (sq kms), which is located on the Apapam Concession along the eastern flank of the Kibi Gold Belt. The firm has five concessions: Kwabeng, Pameng, Apapam, Muoso, and Banso. The company holds about five mining leases totaling approximately 226 sq kms (22,600 hectares) at the northern extremity of the Kibi Gold Belt. Its subsidiaries include Xtra-Gold Exploration Limited and Xtra-Gold Mining Limited.

Key Statistics of Xtra Gold Resources Corp (XTG.TO)

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

Today's Range

CAD3.03CAD3.05

Today's Open

CAD3.05

Volume

6400.00

P/E Ratio (TTM)

28.99

52 Week Range

CAD2.00CAD3.71

Market Cap

145.31M

Avg. Volume

10.75K

Dividend Yield

Financial Metrics & Statements of Xtra Gold Resources Corp (XTG.TO)

FAQ's for Xtra Gold Resources Corp (XTG.TO)

According to Musaffa’s Shariah screening methodology, Xtra Gold Resources Corp (XTG.TO) is currently classified as NOT HALAL as of April 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.