African Stock Exchanges

MRF - Merafe Resources Ltd

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MRF share price on Johannesburg Stock ExchangeMRF share price on Johannesburg Stock Exchange

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,...

Merafe Resources Ltd is listed on the Johannesburg Stock Exchange (JSE). Merafe Resources is traded on the JSE under the ticker symbol “MRF”. The International Securities Identification Number (ISIN) of JSE:MRF is ZAE000060000. Merafe Resources Ltd is currently the 181st most valuable stock on the JSE with a market capitalization of ZAR 2.9 billion, which is about 0.016% of the Johannesburg Stock Exchange equity market.

MRF1.14 ▾ 0.02 (1.72%)
13 minutes ago
Last Trading Results
Opening Price
Day’s Low Price1.11
Day’s High Price1.17
Traded Volume340,521
Number of Deals12
Gross Turnover386,492.00
Growth & Valuation
Earnings Per Share0.8075
Price/Earning Ratio1.44
Dividend Per Share0.34
Dividend Yield29.3%
Shares Outstanding2.5B
Market Capitalization2.9B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

MRF Stock Market Performance

1WK4WK3MO
+7.41%-10.1%-22.2%
6MO1YRYTD
-38.3%+24.7%-3.33%

The current share price of Merafe Resources Ltd (MRF) is ZAR 1.14. MRF closed its last trading day (Wednesday, October 5, 2022) at 1.16 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.9% drop from its previous closing price of 1.17 ZAR. Merafe Resources began the year with a share price of 1.20 ZAR but has since lost 3.33% off that price valuation, ranking it 165th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MRF has lost 10% of the stock’s value from September 7th to date.

Merafe Resources is the 34th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 8 - Oct 5, 2022). MRF has traded a total volume of 173 million shares—in 10,033 deals—valued at ZAR 229 million over the period, with an average of 2.74 million traded shares per session. A volume high of 38.9 million was achieved on August 23rd, and a low of 256,416 on October 5th, for the same period. The table below details the last 10 trading days of activity of Merafe Resources on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2022-10-05256,4161.16-0.01-0.85%
2022-10-045,613,9061.17+0.04+3.54%
2022-10-031,492,3691.13+0.02+1.80%
2022-09-30646,3651.11-0.02-1.77%
2022-09-292,402,3171.13+0.05+4.63%
2022-09-281,382,3501.08-0.03-2.70%
2022-09-27645,5441.11
2022-09-262,633,2571.11-0.03-2.63%
2022-09-234,290,0651.14-0.01-0.87%
2022-09-222,941,5201.15

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.

CodeNameM. Cap.CloseYTD
MCZMC Mining Limited1.03B5.23+393%
SXMSable Exploration & Mining Ltd2.22M0.51+364%
EXXExxaro Resources Ltd74.5B213.21+39.5%
MDIMaster Drilling Grp Ltd2.23B14.75+28.5%
GLNGlencore plc1.3T100.01+23.2%
RNGRandgold & Expl Co Ltd90.2M1.21+21%
ARIAfrican Rainbow Min Ltd60.6B269.82+16.7%
GMLGemfields Group Limited4.09B3.45+13.5%
BUCBuffalo Coal Corp358M0.85+13.3%
BHGBHP Group2.35T464.60-2.06%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

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