On September 27, 2024, at 12:57 PM EST, Mesabi Trust (MSB, Financial) experienced a sudden stock price drop of 5.12%. As of the last report, the stock was trading at $22.89 per share, with a trading volume of 18,873 shares and a turnover rate of 0.14%. The price fluctuation was recorded at 4.10%.
Recent financial reports indicate that Mesabi Trust generated a revenue of $6.49 million and a net profit of $5.40 million, translating to an earnings per share (EPS) of $0.41. The company’s price-to-earnings (P/E) ratio stands at 17.09. Currently, no institutional ratings are available for this stock (MSB, Financial).
Within the steel industry, where Mesabi Trust operates, the overall growth was 0.49%. Significantly rising stocks included those of Zhengkang International, Worthington Steel, Inc., and Olympic Steel, Inc. Active stocks in the sector included Cleveland-Cliffs, U.S. Steel, and Metallus Inc., with turnover rates of 1.33%, 0.56%, and 0.54%, respectively. Notable fluctuations were observed in stocks such as Zhengkang International, Worthington Steel, Inc., and Hongli, with volatility rates of 15.45%, 8.62%, and 8.30%, respectively.
Mesabi Trust is a U.S. royalty trust focused on preserving and protecting its assets. Its primary revenue comes from iron ore mining operations at the Peter Mitchell Mine, located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range.
