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,...

MRF0.96 ▴ 0.02 (2.13%)
19 minutes ago
Live Trading Feed
Opening Price
Day’s Low Price0.92
Day’s High Price0.97
Traded Volume4.07M
Number of Deals149
Gross Turnover3.84M
Growth & Valuation
Earnings Per Share0.2130
Price/Earning Ratio4.41
Dividend Per Share0.07
Dividend Yield7.45%
Shares Outstanding2.51B
Market Capitalization2.36B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

MRF Stock Market Performance

1WK4WK3MO
+2.17%-1.05%+34.3%
6MO1YRYTD
+23.7%+147%+124%

The current share price of Merafe Resources Ltd (MRF) is ZAR 0.96. MRF closed its last trading day (Tuesday, September 21, 2021) at 0.94 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 9.3% gain over its previous closing price of 0.86 ZAR. Merafe Resources began the year with a share price of 0.42 ZAR and has since gained 124% on that price valuation, ranking it 16th on the JSE in terms of year-to-date performance.

Merafe Resources is the 14th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 24 - Sep 21, 2021). MRF has traded a total volume of 265 million shares—in 8,474 deals—valued at ZAR 228 million over the period, with an average of 4.2 million traded shares per session. A volume high of 22.9 million was achieved on July 26th, and a low of 349,639 on June 28th, for the same period. The table below details the last 10 trading days of activity of Merafe Resources on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2021-09-214,541,5710.94+0.08+9.30%
2021-09-202,424,2290.86-0.03-3.37%
2021-09-17739,8450.89-0.02-2.20%
2021-09-161,084,3920.91-0.01-1.09%
2021-09-151,501,1340.92
2021-09-141,133,5050.92-0.01-1.08%
2021-09-133,950,2960.93+0.03+3.33%
2021-09-102,010,0780.90+0.01+1.12%
2021-09-094,704,0850.89
2021-09-081,380,2670.89

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
Email:
ditabe@meraferesources.co.za
Website:
www.meraferesources.co.za

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
GMLGemfields Group Limited3.11B2.66+97%
WSLWescoal Holdings Ltd714M1.70+84.8%
CMOChrometco Ltd203M0.08+60%
MDIMaster Drilling Grp Ltd1.69B11.20+49.3%
GLNGlencore plc843B63.42+35.4%
S32South32 Limited166B35.50+26%
EXXExxaro Resources Ltd61.2B173.50+24.9%
JBLJubilee Metals Group plc7.11B3.17+19.6%
RBPRoyal Bafokeng Platinum Ltd22B76.12+16.4%
RNGRandgold & Expl Co Ltd82M1.10+15.8%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Stock 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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