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 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.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 1.11 |
| Day’s High Price | 1.17 |
| Traded Volume | 340,521 |
| Number of Deals | 12 |
| Gross Turnover | 386,492.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.8075 |
| Price/Earning Ratio | 1.44 |
| Dividend Per Share | 0.34 |
| Dividend Yield | 29.3% |
| Shares Outstanding | 2.5B |
| Market Capitalization | 2.9B |
MRF Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +7.41% | -10.1% | -22.2% |
| 6MO | 1YR | YTD |
|---|---|---|
| -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.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2022-10-05 | 256,416 | 1.16 | -0.01 | -0.85% |
| 2022-10-04 | 5,613,906 | 1.17 | +0.04 | +3.54% |
| 2022-10-03 | 1,492,369 | 1.13 | +0.02 | +1.80% |
| 2022-09-30 | 646,365 | 1.11 | -0.02 | -1.77% |
| 2022-09-29 | 2,402,317 | 1.13 | +0.05 | +4.63% |
| 2022-09-28 | 1,382,350 | 1.08 | -0.03 | -2.70% |
| 2022-09-27 | 645,544 | 1.11 | ||
| 2022-09-26 | 2,633,257 | 1.11 | -0.03 | -2.63% |
| 2022-09-23 | 4,290,065 | 1.14 | -0.01 | -0.87% |
| 2022-09-22 | 2,941,520 | 1.15 |
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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| MCZ | MC Mining Limited | 1.03B | 5.23 | +393% |
| SXM | Sable Exploration & Mining Ltd | 2.22M | 0.51 | +364% |
| EXX | Exxaro Resources Ltd | 74.5B | 213.21 | +39.5% |
| MDI | Master Drilling Grp Ltd | 2.23B | 14.75 | +28.5% |
| GLN | Glencore plc | 1.3T | 100.01 | +23.2% |
| RNG | Randgold & Expl Co Ltd | 90.2M | 1.21 | +21% |
| ARI | African Rainbow Min Ltd | 60.6B | 269.82 | +16.7% |
| GML | Gemfields Group Limited | 4.09B | 3.45 | +13.5% |
| BUC | Buffalo Coal Corp | 358M | 0.85 | +13.3% |
| BHG | BHP Group | 2.35T | 464.60 | -2.06% |