Is NexMetals Mining Corp. (NEXM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 15.9% / 30% | 5.1% / 30% | 0.8% / 30% | N/A | ✓ HALAL |
| DJIM | 15.9% / 33% | 5.1% / 33% | 0.8% / 33% | N/A | ✓ HALAL |
| MSCI | 77.1% / 33% | 24.5% / 33% | 3.9% / 33% | N/A | ✗ NOT HALAL |
| S&P | 15.9% / 33% | 5.1% / 33% | 0.8% / 33% | N/A | ✓ HALAL |
| FTSE | 77.1% / 33% | 24.5% / 33% | 3.9% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -148.6% | |
| Return on Assets (ROA) | -47.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$48M |
| Free Cash Flow | -$50M |
| Total Debt | $2M |
| Debt-to-Equity | 2.0 |
| Current Ratio | 4.7 |
| Total Assets | $99M |
Price & Trading
| Last Close | $2.27 |
| 50-Day MA | $3.46 |
| 200-Day MA | $4.82 |
| Avg Volume | 86K |
| Beta | 1.3 |
|
52-Week Range
$2.24
| |
About NexMetals Mining Corp. (NEXM)
NexMetals Mining Corp., a mineral exploration and evaluation company, focuses on the discovery and advancement of copper-nickel-cobalt-platinum group elements resources in Canada, Barbados, and Botswana. Its flagship are the Selebi and Selebi North copper-nickel-cobalt mines in Botswana and related infrastructure, as well as the Cu-Ni-Co-PGE Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospecting licences. The company was formerly known as Premium Resources Ltd. and changed its name to NexMetals Mining Corp. in June 2025. NexMetals Mining Corp. is headquartered in Vancouver, Canada.
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Frequently Asked Questions
Is NexMetals Mining Corp. (NEXM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NexMetals Mining Corp. 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 NexMetals Mining Corp.'s debt ratio?
NexMetals Mining Corp.'s debt ratio is 15.9% 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 77.1%.
What are NexMetals Mining Corp.'s key financial metrics?
NexMetals Mining Corp. has a market capitalization of $84M. Return on equity stands at -148.6%.
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.