Is Nouveau Monde Graphite Inc. (NMG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.5% / 30% | 30.8% / 30% | 0.9% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 5.5% / 33% | 30.8% / 33% | 0.9% / 33% | N/A | ✓ HALAL |
| MSCI | 9.3% / 33% | 52.1% / 33% | 1.6% / 33% | N/A | ✗ NOT HALAL |
| S&P | 5.5% / 33% | 30.8% / 33% | 0.9% / 33% | N/A | ✓ HALAL |
| FTSE | 9.3% / 33% | 52.1% / 33% | 1.6% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -90.1% | |
| Return on Assets (ROA) | -19.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$52M |
| Free Cash Flow | -$66M |
| Total Debt | $19M |
| Debt-to-Equity | 24.3 |
| Current Ratio | 0.9 |
| Total Assets | $204M |
Price & Trading
| Last Close | $2.14 |
| 50-Day MA | $2.37 |
| 200-Day MA | $2.41 |
| Avg Volume | 911K |
|
52-Week Range
$1.30
| |
About Nouveau Monde Graphite Inc. (NMG)
Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company's flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec. It also involved in the real estate and trading activities. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. The company was founded in 2012 and is headquartered in Saint-Michel-Des-Saints, Canada.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Nouveau Monde Graphite Inc. (NMG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Nouveau Monde Graphite Inc. 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 Nouveau Monde Graphite Inc.'s debt ratio?
Nouveau Monde Graphite Inc.'s debt ratio is 5.5% 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 9.3%.
What are Nouveau Monde Graphite Inc.'s key financial metrics?
Nouveau Monde Graphite Inc. has a market capitalization of $343M. Return on equity stands at -90.1%.
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.