Is CTGO (CTGO) Halal?

AMEX Basic Materials United States $288M
✓ HALAL
Confidence: 95/100
CTGO (CTGO) is Halal under 3 of 5 Shariah screening standards, including AAOIFI Standard 21. With a debt ratio of just 15.4% against the AAOIFI threshold of 30%, CTGO comfortably passes the key financial ratio tests. The company operates in the Basic Materials sector (Gold), which is not a prohibited industry under Islamic finance principles.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 15.4%
/ 30%
4.5%
/ 30%
0.1%
/ 30%
N/A ✓ HALAL
DJIM 15.4%
/ 33%
4.5%
/ 33%
0.1%
/ 33%
N/A ✓ HALAL
MSCI 51.5%
/ 33%
15.0%
/ 33%
0.5%
/ 33%
N/A ✗ NOT HALAL
S&P 15.4%
/ 33%
4.5%
/ 33%
0.1%
/ 33%
N/A ✓ HALAL
FTSE 51.5%
/ 33%
15.0%
/ 33%
0.5%
/ 50%
N/A ✗ NOT HALAL

Financial Highlights

EPS
$-2.80
P/B Ratio
9.9
EV/EBITDA
-12.9
EV: $250M
Revenue
$0
Beta
-0.4
Low volatility
Current Ratio
0.9

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%
Return on Equity (ROE) -273.7%
Return on Assets (ROA) -8.0%

Cash Flow & Balance Sheet

Operating Cash Flow$26M
Free Cash Flow$26M
Total Debt$34M
Debt-to-Equity134.9
Current Ratio0.9
Total Assets$172M

Price & Trading

Last Close$16.69
50-Day MA$26.54
200-Day MA$23.83
Avg Volume270K
Beta-0.4
52-Week Range
$9.22
$34.38

About CTGO (CTGO)

CEO
Mr. Rick Van Nieuwenhuyse M.Sc.
Employees
15
Sector
Basic Materials
Industry
Gold
Country
United States
Exchange
AMEX
Market Cap
$288M
Currency
USD

Contango Ore, Inc. engages in the exploration and development of mineral properties in Alaska, the United States. It explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.

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Frequently Asked Questions

Is CTGO (CTGO) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), CTGO is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is CTGO's debt ratio?

CTGO's debt ratio is 15.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 51.5%.

What are CTGO's key financial metrics?

CTGO has a market capitalization of $288M. Return on equity stands at -273.7%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.