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,...
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 164th most valuable stock on the JSE with a market capitalization of ZAR 3.05 billion, which is about 0.017% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 1.19 |
| Day’s High Price | 1.24 |
| Traded Volume | 677,055 |
| Number of Deals | 31 |
| Gross Turnover | 835,890.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.6140 |
| Price/Earning Ratio | 1.99 |
| Dividend Per Share | 0.33 |
| Dividend Yield | 27.1% |
| Shares Outstanding | 2.5B |
| Market Capitalization | 3.05B |
MRF Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +1.67% | -11% | +14% |
| 6MO | 1YR | YTD |
|---|---|---|
| -8.27% | +6.09% | -7.58% |
The current share price of Merafe Resources Ltd (MRF) is ZAR 1.24. MRF closed its last trading day (Tuesday, September 26, 2023) at 1.22 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.7% gain over its previous closing price of 1.20 ZAR. Merafe Resources began the year with a share price of 1.32 ZAR but has since lost 7.58% off that price valuation, ranking it 257th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MRF has lost 11% of the stock’s value from August 28th to date.
Merafe Resources is the 59th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 28 - Sep 26, 2023). MRF has traded a total volume of 72 million shares—in 3,489 deals—valued at ZAR 90.6 million over the period, with an average of 1.14 million traded shares per session. A volume high of 4.86 million was achieved on July 3rd, and a low of 65,493 on July 10th, 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% |
|---|---|---|---|---|
| 2023-09-26 | 432,833 | 1.22 | +0.02 | +1.67% |
| 2023-09-22 | 313,035 | 1.20 | +0.01 | +0.84% |
| 2023-09-21 | 920,116 | 1.19 | -0.01 | -0.83% |
| 2023-09-20 | 317,601 | 1.20 | ||
| 2023-09-19 | 518,536 | 1.20 | ||
| 2023-09-18 | 984,518 | 1.20 | +0.05 | +4.35% |
| 2023-09-15 | 2,917,185 | 1.15 | -0.07 | -5.74% |
| 2023-09-14 | 397,993 | 1.22 | -0.01 | -0.81% |
| 2023-09-13 | 495,090 | 1.23 | ||
| 2023-09-12 | 347,372 | 1.23 |
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 |
|---|---|---|---|---|
| HAR | Harmony GM Co Ltd | 49.8B | 80.48 | +36.9% |
| DRD | DRD Gold Ltd | 13.9B | 16.09 | +31.5% |
| GFI | Gold Fields Ltd | 201B | 224.65 | +27.5% |
| ORN | Orion Minerals Limited | 1.36B | 0.24 | +14.3% |
| PAN | Pan African Resource plc | 7.91B | 3.56 | +6.27% |
| ANG | Anglogold Ashanti Ltd | 144B | 343.05 | +4.2% |
| BHG | BHP Group | 2.68T | 528.88 | +0.41% |
| MDI | Master Drilling Grp Ltd | 2.04B | 13.50 | -6.77% |
| GLN | Glencore plc | 1.3T | 105.00 | -7.93% |
| THA | Tharisa plc | 5.37B | 17.75 | -11.3% |