Valuation vs Trend
Multiples screen cheap and the long-term trend is intact, but price is below its 50-day MA — a value-friendly setup waiting on short-term confirmation.
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JSE ticker · MRF
Merafe Resources Ltd (MRF) Share Price & Latest SENS Announcements
Merafe Resources Limited
Basic Materials · Other Industrial Metals & Mining
Track Merafe Resources Limited (MRF) share price moves, recent SENS announcements, company profile details, and Basic Materials sector, other industrial metals & mining, all in one place.
R 1,35
▼ 0,02 / -1.46%
LIVE · 12:07 SAST
MOMENTUM · WEAKENING
Latest SENS Announcements — Merafe Resources Ltd (MRF)
10 most recent- 11 Aug Dividend Declaration
MERAFE RESOURCES LIMITED - Unaudited condensed consolidated financial statements and dividend declaration for the six months ended 30 June 2026
Merafe quadruples interim dividend to 16c on H1 EBITDA +60% and R976m operating cash inflow — even as ferrochrome output collapsed 75%.
BULLISH +60 - 27 Jul Trading Statement
MERAFE RESOURCES LIMITED - Production report and trading statement for the six months ended 30 June 2026
Merafe guides EPS up 110%–130%, HEPS up 55%–75% despite 75% ferrochrome production collapse — a genuine counterintuitive beat.
NEUTRAL 0 - 26 Jun Operational Update
MERAFE RESOURCES LIMITED - Conclusion of negotiated pricing agreements with Eskom and restart of smelting operations
Merafe finalises Eskom electricity deal and restarts two idled smelters — but the market had already moved on this news.
NEUTRAL +12 - 01 Jun Regulatory Decision
MERAFE RESOURCES LIMITED - Approval of a proposed electricity tariff solution and withdrawal of section 189 consultation process
NERSA approved a new electricity tariff, cancelling planned retrenchments and enabling a phased operational restart.
BULLISH +45 - 13 May AGM Notice
MERAFE RESOURCES LIMITED - Results of the annual general meeting
All tabled AGM resolutions passed with strong support, following the pre-announced withdrawal of two items.
NEUTRAL 0 - 12 May Board Change
MERAFE RESOURCES LIMITED - Changes to the board of directors and audit and risk committee
Merafe has withdrawn AGM re-election resolutions for director Ms Matsotso Vuso due to her unavailability.
NEUTRAL -5 - 30 Apr Operational Update
MERAFE RESOURCES LIMITED - Further update regarding a proposed electricity tariff solution and consultation in terms of Section 189 of the LRA
Merafe extends Section 189 consultation to June 2026 pending NERSA's electricity tariff approval.
NEUTRAL -10 - 28 Apr Operational Update
MERAFE RESOURCES LIMITED - Production report for the quarter ended 31 March 2026
Q1 ferrochrome production plummeted 95% due to ongoing smelter suspensions, heavily impacting operational output.
BEARISH -40 - 10 Apr Operational Update
MERAFE RESOURCES LIMITED - Further update regarding a proposed electricity tariff solution and consultation in terms of Section 189 of the LRA
Provisional Eskom tariff agreement extends Section 189 timeline, advancing operational sustainability despite ongoing regulatory conditions.
BULLISH +25 - 07 Apr Operational Update
MERAFE RESOURCES LIMITED - Further update on engagements with Eskom and the consultation process in terms of Section 189 of the LRA
Merafe extends Section 189 consultations by two days at Eskom's request, prolonging operational uncertainty.
NEUTRAL -5
Valuation
Cheap
Growth
Flat
Momentum
Neutral
Volume
Normal
SENS Signal
Positive
Price · Close
- Trend
- Short-term down · LT up
- Momentum
- Weakening
- RSI 14
- 42
- 30D Vol
- 29.0%
52W Range
R 1
R 2
Current: R 1(73% through range)
What Changed
Delta view Today
-1.46%
5 days
-0.74%
30 days
-8.16%
90 days
+8.87%
Year-to-date
+23.85%
vs 50-day MA
-0.87%
vs 200-day MA
+10.61%
Latest SENS 11 Aug: "MERAFE RESOURCES LIMITED - Unaudited condensed consolidated financial statements and dividend declaration for the six months ended 30 June 2026" — reading positive.
Market
Market Cap
R 3.4B
52W High
1.50
52W Low
0.94
52W Pos.
73%
Avg Vol 30D
1.7M
Valuation
P/E (TTM)
8.0×
Fwd EPS
—
Fwd P/E
—
Div Yield
17.65%
Technicals
Annualised · 30 sessions RSI 14
42.0
MA 50
1.36 ▼
MA 200
1.22 ▲
30-Session Vol
29.0%
Analyst ratings & fundamentals for Merafe Resources Ltd aren't available yet.
Why It Matters
Combined view Fundamentals vs Price Action
Latest disclosure reads positive and the long-term trend is intact, but price sits below its 50-day MA. Either the market is sceptical, or there is an opportunity if short-term momentum turns.
Trend Structure
Long-term uptrend intact, but the 50-day has rolled over. Either a healthy pullback within an uptrend, or the early warning of a deeper correction — watch the 200-day as the line in the sand.
About Merafe Resources Limited
Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals. The company operates ferrochrome smelters, ferrochrome furnaces, and platinum group metals processing plants in the Western and Eastern limbs of the Bushveld Complex; and chrome ore mines and UG2 plants located in the northwest, Limpopo, and Mpumalanga provinces of South Africa. It has operations in South Africa, Egypt, Turkey, Brazil, the United States, Indonesia, China, India, Japan, South Korea, Taiwan, Australia, Belgium, England, Canada, Mexico, Italy, France, the Netherlands, Slovenia, and Spain. Merafe Resources Limited was incorporated in 1987 and is headquartered in Bryanston, South Africa.
- Exchange
- Johannesburg
- Currency
- ZAc
- Country
- South Africa
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