Is U.S. GoldMining Inc. (USGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 2.2% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.1% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 2.1% / 33% | 75.4% / 33% | 0.1% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 2.1% / 33% | 75.4% / 33% | 0.1% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -116.0% | |
| Return on Assets (ROA) | -65.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$8M |
| Free Cash Flow | -$8M |
| Total Debt | $109,394 |
| Debt-to-Equity | 1.2 |
| Current Ratio | 13.6 |
| Total Assets | $5M |
Price & Trading
| Last Close | $10.60 |
| 50-Day MA | $12.42 |
| 200-Day MA | $10.53 |
| Avg Volume | 111K |
| Beta | 2.2 |
|
52-Week Range
$7.42
| |
About U.S. GoldMining Inc. (USGO)
U.S. GoldMining Inc., an exploration stage company, engages in the exploration and development of mineral properties in the United States. Its primary asset is the 100%-owned Whistler exploration property, a gold-copper exploration project comprising 377 mining claims covering an area of 217.5 square kilometers located in Yentna Mining District, Alaska. The company was incorporated in 2015 and is based in Anchorage, Alaska. U.S. GoldMining Inc. operates as a subsidiary of GoldMining Inc.
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Frequently Asked Questions
Is U.S. GoldMining Inc. (USGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), U.S. GoldMining 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 U.S. GoldMining Inc.'s debt ratio?
U.S. GoldMining Inc.'s debt ratio is 0.1% 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 2.1%.
What are U.S. GoldMining Inc.'s key financial metrics?
U.S. GoldMining Inc. has a market capitalization of $143M. Return on equity stands at -116.0%.
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.