NFGC (NFGC-amex-8599) Financial Ratio Screen

AMEX Basic Materials Canada USD 603M
RATIOS FAIL*
Automated financial screen · activity assessed separately
NFGC (NFGC-amex-8599) is potentially non-compliant in the automated ratio model. The available impermissible-income proxy of 24.42% exceeds the 5% methodology threshold. NFGC operates in the Basic Materials sector.

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MSCI new-inclusion financial-ratio snapshot

NFGC-amex-8599 financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
0.2%
Pass vs 30%
Cash ratio
12.6%
Pass vs 30%
Receivables + cash
11.8%
Pass vs 30%
Impermissible income
24.4%
Fail vs 5%

Calculation date: 2026-10-15. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Gold) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,018 claims covering an area of 175,600 hectares located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 0.2%
/ 30%
12.6%
/ 30%
11.8%
/ 30%
24.42%
/ 5%
RATIOS FAIL*
FTSE 0.2%
/ 33%
12.6%
/ 33%
11.8%
/ 50%
24.42%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
currency unverified -0.17
Dividend Yield
0.0%
P/B Ratio
1.7
EV/EBITDA
-6.5
EV: CAD 470M
Revenue
CAD 6M
Beta
1.7
High volatility
Current Ratio
5.4

Profitability

Gross Margin 11.1%
Operating Margin -109.8%
Net Margin -185.4%
Return on Equity (ROE) -19.4%
Return on Assets (ROA) -11.2%

Cash Flow & Balance Sheet

Operating Cash FlowCAD -55M
Free Cash FlowCAD -58M
Total DebtCAD 1M
Debt-to-Equity13.4
Current Ratio5.4
Total AssetsCAD 536M

Price & Trading

Last Close$1.54
50-Day MA$1.71
200-Day MA$2.09
Avg Volume1.2M
Beta1.7
52-Week Range
$1.34
$3.59

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-12 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About NFGC (NFGC-amex-8599)

CEO
Mr. Keith Boyle M.B.A., P.Eng.
Employees
131
Sector
Basic Materials
Industry
Gold
Country
Canada
Exchange
AMEX
Market Cap (listing currency)
USD 603M
Currency
USD

New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,018 claims covering an area of 175,600 hectares located near Gander, Newfoundland; and the Kingsway project located in Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

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Frequently Asked Questions

Is NFGC (NFGC-amex-8599) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is NFGC's debt ratio?

NFGC's debt ratio is 0.2% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are NFGC's key financial metrics?

NFGC has a market capitalization of USD 603M in its listing currency, and revenue of CAD 6M. The company maintains a gross margin of 11.1% and a net margin of -185.4%. Return on equity stands at -19.4%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.