Is Osisko Development Corp. (ODV) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.6% / 30% | 8.3% / 30% | 0.2% / 30% | 87.32% / 5% | ✗ NOT HALAL |
| DJIM | 3.6% / 33% | 8.3% / 33% | 0.2% / 33% | 87.32% / 5% | ✗ NOT HALAL |
| MSCI | 5.4% / 33% | 12.4% / 33% | 0.3% / 33% | 87.32% / 5% | ✗ NOT HALAL |
| S&P | 3.6% / 33% | 8.3% / 33% | 0.2% / 33% | 87.32% / 5% | ✗ NOT HALAL |
| FTSE | 5.4% / 33% | 12.4% / 33% | 0.3% / 50% | 87.32% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.5% | |
| Operating Margin | -962.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -46.6% | |
| Return on Assets (ROA) | -6.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$52M |
| Free Cash Flow | -$89M |
| Total Debt | $47M |
| Debt-to-Equity | 25.5 |
| Current Ratio | 1.3 |
| Total Assets | $857M |
Price & Trading
| Last Close | $2.86 |
| 50-Day MA | $3.77 |
| 200-Day MA | $3.19 |
| Avg Volume | 2.8M |
| Beta | 1.8 |
|
52-Week Range
$1.36
| |
About Osisko Development Corp. (ODV)
Osisko Development Corp., together with its subsidiaries, acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States. The company explores for precious and base metal, gold, silver, copper, lead, and zinc deposits. Its flagship asset is the 100% owned Cariboo Gold Project, which covers an area of approximately 192,000 hectares consisting of 443 mineral titles located in British Columbia, Canada. The company also holds a portfolio of marketable securities. Osisko Development Corp. is headquartered in Montreal, Canada.
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Frequently Asked Questions
Is Osisko Development Corp. (ODV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Osisko Development Corp. 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 Osisko Development Corp.'s debt ratio?
Osisko Development Corp.'s debt ratio is 3.6% 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 5.4%.
What are Osisko Development Corp.'s key financial metrics?
Osisko Development Corp. has a market capitalization of $876M, and revenue of $5M. Return on equity stands at -46.6%.
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.