Is Wolverine Resources Corp. (WOLV) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 1.6% / 30% | 0.7% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 1.6% / 33% | 0.7% / 33% | N/A | ✓ HALAL |
| MSCI | 0.0% / 33% | 25.7% / 33% | 11.4% / 33% | N/A | ✓ HALAL |
| S&P | 0.0% / 33% | 1.6% / 33% | 0.7% / 33% | N/A | ✓ HALAL |
| FTSE | 0.0% / 33% | 25.7% / 33% | 11.4% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -1253.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$364,172 |
| Free Cash Flow | -$364,172 |
| Current Ratio | 0.0 |
| Total Assets | $22,732 |
Price & Trading
| Last Close | $0.00 |
| 50-Day MA | $0.00 |
| 200-Day MA | $0.01 |
| Avg Volume | 0 |
| Beta | -2.4 |
|
52-Week Range
$0.00
| |
About Wolverine Resources Corp. (WOLV)
Wolverine Resources Corp., an exploration stage mining company, engages in the identification, acquisition, and exploration of metals and minerals in North America. The company explores for base and precious metals, nickel, copper, cobalt, and gold deposits, as well as rare earth elements (REEs). It holds interest in the Frog Property, which consists of 5 contiguous mineral licences consisting of 215 claims covering an area of 5,375 hectares located to the west-northwest of Natuashish; and Cache River Property, which consists of 53 mineral claims covering an area of approximately 1,320 hectares located in Labrador, Canada. The company was formerly known as Wolverine Technologies Corp. and changed its name to Wolverine Resources Corp. in July 2022. Wolverine Resources Corp. was incorporated in 2006 and is based in Richmond, Canada.
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Frequently Asked Questions
Is Wolverine Resources Corp. (WOLV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Wolverine Resources Corp. 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 Wolverine Resources Corp.'s debt ratio?
Wolverine Resources Corp.'s debt ratio is 0.0% 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 0.0%.
What are Wolverine Resources Corp.'s key financial metrics?
Wolverine Resources Corp. has a market capitalization of $375,673.
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.