Mesabi Trust (MSB, Financial) experienced a significant stock price increase of 5.60%, trading at $24.82 per share with a trading volume of 25,795 shares. The stock's turnover rate was 0.20%, with a price volatility of 7.23%.
Recent financial reports reveal that Mesabi Trust generated a revenue of $6.49 million and a net profit of $5.40 million, resulting in an earnings per share (EPS) of $0.41. The current price-to-earnings (P/E) ratio sits at 18.24. Currently, no institutions have issued "buy," "hold," or "sell" ratings for this stock.
Despite Mesabi Trust's rise, the steel industry overall declined by 1.64%. Among notable gainers in the sector were Mesabi Trust, General Stainless Steel & Alloy Products Company, and Ascent Industries Co. Key active stocks included Inno Holdings Inc., Cleveland-Cliffs, and General Stainless Steel & Alloy Products Company, with turnover rates of 2.05%, 1.66%, and 0.75%, respectively. In terms of volatility, Inno Holdings Inc., Huadi International, and Mesabi Trust showed significant fluctuations at 25.32%, 8.61%, and 7.23%, respectively.
Mesabi Trust is an American trust primarily focused on preserving and protecting its assets, which largely stem from the iron ore mining sector. Its income is derived from the Peter Mitchell Mine, located near Babbitt, Minnesota, on the Eastern end of the Mesabi Iron Range.
