Is Snow Lake Resources Ltd. (LITM) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 3.4% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 3.4% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 0.1% / 33% | 8.4% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| S&P | 0.0% / 33% | 3.4% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 0.1% / 33% | 8.4% / 33% | 0.1% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -34.9% | |
| Return on Assets (ROA) | -14.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$8M |
| Total Debt | $31,107 |
| Current Ratio | 3.2 |
| Total Assets | $30M |
Price & Trading
| Last Close | $2.88 |
| 50-Day MA | $3.08 |
| 200-Day MA | $3.67 |
| Avg Volume | 423K |
| Beta | 0.6 |
|
52-Week Range
$1.96
| |
About Snow Lake Resources Ltd. (LITM)
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources. It explores for uranium and lithium mineral resources. The company also engages in the exploration and development of uranium and gold deposits. The company holds a portfolio of projects in Canada, the United States, and Namibia. The company was incorporated in 2018 and is based in Winnipeg, Canada.
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Frequently Asked Questions
Is Snow Lake Resources Ltd. (LITM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Snow Lake Resources Ltd. 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 Snow Lake Resources Ltd.'s debt ratio?
Snow Lake Resources Ltd.'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 0.1%.
What are Snow Lake Resources Ltd.'s key financial metrics?
Snow Lake Resources Ltd. has a market capitalization of $63M. Return on equity stands at -34.9%.
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.