Is Electra Battery Materials Corp (ELBM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 100.4% / 30% | 5.2% / 30% | 1.8% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 100.4% / 33% | 5.2% / 33% | 1.8% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 47.5% / 33% | 2.5% / 33% | 0.9% / 33% | N/A | ✗ NOT HALAL |
| S&P | 100.4% / 33% | 5.2% / 33% | 1.8% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 47.5% / 33% | 2.5% / 33% | 0.9% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -49.5% | |
| Return on Assets (ROA) | -6.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$17M |
| Free Cash Flow | -$18M |
| Total Debt | $72M |
| Debt-to-Equity | 153.5 |
| Current Ratio | 0.1 |
| Total Assets | $151M |
Price & Trading
| Last Close | $0.56 |
| 50-Day MA | $0.81 |
| 200-Day MA | $1.08 |
| Avg Volume | 1.1M |
| Beta | 1.6 |
|
52-Week Range
$0.54
| |
About Electra Battery Materials Corp (ELBM)
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It explores for cobalt, copper, and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project that includes patented and unpatented claims totaling an area of approximately 3,260 hectares and 600 meters of underground drifting located in Lemhi County, Idaho. It also operates a hydrometallurgical cobalt refinery for producing battery materials for the electric vehicle supply chain. The company was formerly known as First Cobalt Corp. and changed its name to Electra Battery Materials Corporation in December 2021. Electra Battery Materials Corporation was incorporated in 2011 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is Electra Battery Materials Corp (ELBM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Electra Battery Materials Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Electra Battery Materials Corp's debt ratio?
Electra Battery Materials Corp's debt ratio is 100.4% 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 47.5%.
What are Electra Battery Materials Corp's key financial metrics?
Electra Battery Materials Corp has a market capitalization of $56M. Return on equity stands at -49.5%.
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.