Is Solaris Resources Inc. (SLSR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.2% / 30% | 2.0% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 3.2% / 33% | 2.0% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 86.8% / 33% | 55.5% / 33% | 0.3% / 33% | N/A | ✗ NOT HALAL |
| S&P | 3.2% / 33% | 2.0% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 86.8% / 33% | 55.5% / 33% | 0.3% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -57.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$58M |
| Free Cash Flow | -$61M |
| Total Debt | $50M |
| Current Ratio | 6.1 |
| Total Assets | $57M |
Price & Trading
| Last Close | $7.86 |
| 50-Day MA | $9.44 |
| 200-Day MA | $6.94 |
| Avg Volume | 167K |
| Beta | 2.2 |
|
52-Week Range
$2.50
| |
About Solaris Resources Inc. (SLSR)
Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador in the province of Morona Santiago, Canton Limon Indanza; and the Tamarugo project located in northern Chile. The company also holds interests in the La Verde project located in the Sierra Madre del Sur west of Mexico City in Michoacán State, Mexico; and the Capricho and Paco Orco projects in Peru. In addition, it has an option agreement to acquire up to a 100% interest in 10 new explorations concessions; and has an option to acquire up to a 100% interest in a new portfolio of exploration areas (Solaris 2) located immediately adjacent to the Warintza Project in southeastern Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. Solaris Resources Inc. was incorporated in 2018 and is headquartered in Baar, Switzerland.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Solaris Resources Inc. (SLSR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Solaris Resources Inc. 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 Solaris Resources Inc.'s debt ratio?
Solaris Resources Inc.'s debt ratio is 3.2% 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 86.8%.
What are Solaris Resources Inc.'s key financial metrics?
Solaris Resources Inc. has a market capitalization of $1.3B.
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.