Is GORO (GORO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.7% / 30% | 1.0% / 30% | 9.44% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 0.7% / 33% | 1.0% / 33% | 9.44% / 5% | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 1.1% / 33% | 1.5% / 33% | 9.44% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 0.7% / 33% | 1.0% / 33% | 9.44% / 5% | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 1.1% / 33% | 1.5% / 50% | 9.44% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.1% | |
| Operating Margin | 48.5% | |
| Net Margin | -6.5% | |
| Return on Equity (ROE) | -18.1% | |
| Return on Assets (ROA) | 6.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$627,000 |
| Free Cash Flow | -$8M |
| Debt-to-Equity | 0.1 |
| Current Ratio | 2.9 |
| Total Assets | $146M |
Price & Trading
| Last Close | $1.10 |
| 50-Day MA | $1.43 |
| 200-Day MA | $0.89 |
| Avg Volume | 6.3M |
| Beta | 0.9 |
|
52-Week Range
$0.34
| |
About GORO (GORO)
Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in the United States. The company also explores copper, lead, and zinc deposits. The company holds 100% interest in the Don David gold mine, including two production stage and four exploration stage properties located in Oaxaca, Mexico that cover approximately 55,119 hectares. It also holds 100% interest in the Back Forty project covering approximately 1,304 hectares located in Menominee County, Michigan. The company was incorporated in 1998 and is headquartered in Denver, Colorado.
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Frequently Asked Questions
Is GORO (GORO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GORO 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 GORO's debt ratio?
GORO's debt ratio is 0.0% 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 0.0%.
What are GORO's key financial metrics?
GORO has a market capitalization of $188M, and revenue of $66M. The company maintains a gross margin of 38.1% and a net margin of -6.5%. Return on equity stands at -18.1%.
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.