MRF - Merafe Resources Ltd
Merafe is listed on the JSE Ltd. in the General Mining sector under the share code MRF. Currently, the main focus of Merafe's business is on the 20.5% participation of its wholly owned subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., in the earnings before interest, tax depreciation and amortisation (EBITDA) of the Glencore-Merafe Chrome Venture (the Venture), in which Glencore has a 79.5% participation. Merafe and Glencore South Africa operations (Glencore) formed the Venture in July 2004 when the companies pooled their chrome operations to create the largest ferrochrome producer in the world.
Merafe Resources Ltd through its wholly owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters,...
| Live Trading Feed | |
|---|---|
| Opening Price | |
| Day’s Low Price | 1.30 |
| Day’s High Price | 1.38 |
| Traded Volume | 2.43M |
| Number of Deals | 111 |
| Gross Turnover | 3.23M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.2130 |
| Price/Earning Ratio | 6.10 |
| Dividend Per Share | 0.07 |
| Dividend Yield | 5.38% |
| Shares Outstanding | 2.5B |
| Market Capitalization | 3.25B |
MRF Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +1.56% | +15% | +21.5% |
| 6MO | 1YR | YTD |
|---|---|---|
| +97% | +195% | +8.33% |
The current share price of Merafe Resources Ltd (MRF) is ZAR 1.31. MRF closed its last trading day (Friday, January 14, 2022) at 1.30 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 3% drop from its previous closing price of 1.34 ZAR. Merafe Resources began the year with a share price of 1.20 ZAR and has since gained 8.33% on that price valuation, ranking it 44th on the JSE in terms of year-to-date performance. Shareholders can be optimistic about MRF knowing the stock has accrued 15% over the past four-week period—40th best on JSE.
Merafe Resources is the 10th most traded stock on the Johannesburg Stock Exchange over the past three months (Oct 15, 2021 - Jan 14, 2022). MRF has traded a total volume of 287 million shares—in 6,995 deals—valued at ZAR 324 million over the period, with an average of 4.56 million traded shares per session. A volume high of 25.6 million was achieved on October 18th, and a low of 271,711 on December 24th, for the same period. The table below details the last 10 trading days of activity of Merafe Resources on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2022-01-14 | 8,303,383 | 1.30 | -0.04 | -2.99% |
| 2022-01-13 | 5,684,604 | 1.34 | +0.03 | +2.29% |
| 2022-01-12 | 2,164,421 | 1.31 | +0.01 | +0.77% |
| 2022-01-11 | 3,298,766 | 1.30 | +0.03 | +2.36% |
| 2022-01-10 | 1,898,584 | 1.27 | -0.01 | -0.78% |
| 2022-01-07 | 2,235,280 | 1.28 | -0.01 | -0.78% |
| 2022-01-06 | 10,615,929 | 1.29 | -0.03 | -2.27% |
| 2022-01-05 | 5,217,977 | 1.32 | +0.13 | +10.92% |
| 2022-01-04 | 1,895,401 | 1.19 | ||
| 2022-01-03 | 1,432,381 | 1.19 |
Profile of Merafe Resources Ltd.
Merafe Resources Ltd. operates in the Basic Materials sector, specifically, the Mining industry.
Factsheet of Merafe Resources Ltd.
- Sector
- Basic Materials
- Industry
- Mining
- Address
- Building B Second Floor, Ballyoaks Office Park, 35 Ballyclare Drive, Bryanston, 2191
- Telephone
- 011 783-4780
MRF Industrial Market Competitors
Merafe Resources Ltd., issuers of the MRF stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| WEZ | Wesizwe Platinum Ltd | 2.54B | 1.56 | +39.3% |
| BAU | Bauba Resources Limited | 285M | 0.38 | +18.8% |
| GML | Gemfields Group Limited | 4.09B | 3.50 | +15.1% |
| MCZ | MC Mining Limited | 188M | 1.22 | +15.1% |
| SSW | Sibanye Stillwater Limited | 158B | 56.23 | +14.5% |
| ORN | Orion Minerals Limited | 1.43B | 0.33 | +13.8% |
| EXX | Exxaro Resources Ltd | 60.3B | 172.54 | +12.9% |
| AGL | Anglo American plc | 936B | 697.88 | +7.08% |
| BHP | BHP Group Plc | 1.06T | 501.75 | +5.77% |
| GLN | Glencore plc | 1.12T | 85.17 | +4.95% |