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,...
| Last Trading Results | Growth & Valuation | ||
|---|---|---|---|
| Opening Price: | -- | Earnings Per Share: | -0.0730 |
| Day's Low Price: | 0.47 | Price/Earning Ratio: | -6.44 |
| Day's High Price: | 0.48 | Dividend Per Share: | 0.04 |
| Traded Volume: | 96,963 | Dividend Yield: | 8.51% |
| Number of Deals: | 6 | Shares Outstanding: | 2.51b |
| Value/Turnover: | 46,472.62 | Market Capitalization: | 1.18b |
MRF Stock Market Performance
| 1WK | 4WK | 3MO | 6MO | 1YR | YTD |
|---|---|---|---|---|---|
| -2.08% | -6.00% | +42.42% | -16.07% | -47.78% | -45.35% |
The current share price of Merafe Resources Ltd (MRF) is ZAR 0.47. The MRF stock closed its last trading day (Thursday, December 3, 2020) at 0.47 ZAR per share on the Johannesburg Stock Exchange, recording a 2.08% drop from its previous closing price of 0.48 ZAR. MRF began the year with a share price of 0.86 ZAR but has since lost 45.35% off that price valuation, ranking it 386th on the JSE in terms of year-to-date performance. Shareholders' worries are further compounded by the fact that MRF has lost 6% of the stock's value from November 5 to date. The table below details the last 10 trading days of activity of Merafe Resources Ltd on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2020-12-03 | 96,963 | 0.47 | -0.01 | 2.08% |
| 2020-12-02 | 189,380 | 0.48 | -0.01 | 2.04% |
| 2020-12-01 | 164,309 | 0.49 | +0.01 | 2.08% |
| 2020-11-30 | 159,569 | 0.48 | -- | -- |
| 2020-11-27 | 106,683 | 0.48 | -- | -- |
| 2020-11-26 | 96,000 | 0.48 | -- | -- |
| 2020-11-25 | 585,961 | 0.48 | -0.02 | 4.00% |
| 2020-11-24 | 130,067 | 0.50 | +0.02 | 4.17% |
| 2020-11-23 | 35,550 | 0.48 | -0.03 | 5.88% |
| 2020-11-20 | 1,340,623 | 0.51 | -- | -- |
Profile of Merafe Resources Ltd.
Merafe Resources Ltd. operates in the Basic Materials sector, specifically, the Mining industry. Unfortunately, we do not have information on the company's board of directors and/or key executives at this time.
| 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 gives you an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | Mkt. Cap. | L. Price | YearTD |
|---|---|---|---|---|
| JBL | Jubilee Metals Group plc | 4.12b | 1.95 | +160.0% |
| DRD | DRD Gold Ltd | 14.28b | 16.52 | +120.3% |
| PAN | Pan African Resource plc | 9.97b | 4.46 | +106.5% |
| SSW | Sibanye Stillwater Limited | 163.72b | 55.98 | +56.0% |
| NHM | Northam Platinum Ltd | 98.13b | 192.50 | +55.7% |
| ARI | African Rainbow Min Ltd | 55.71b | 249.47 | +52.4% |
| GFI | Gold Fields Ltd | 120.12b | 135.99 | +41.9% |
| ORN | Orion Minerals Limited | 1.10b | 0.34 | +41.7% |
| RBP | Royal Bafokeng Platinum Ltd | 16.67b | 64.41 | +29.8% |
| HAR | Harmony GM Co Ltd | 39.94b | 66.18 | +29.3% |