MSB Stock Summary and Trading Ideas (Mesabi Trust | NYSE:MSB)

Mesabi Trust operates as a royalty trust in the United States. The company involves in the conservation and protection of the assets held. Its principally wholly-owned segment is iron ore mining segment and it generates income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The principal assets of the firm consist of two different interests in certain properties in the Mesabi Iron Range and beneficial interest in the Mesabi Land Trust.

Mesabi Trust trades on the NYSE stock market under the symbol MSB.

As of April 17, 2024, MSB stock price declined to $17.24 with 33,227 million shares trading.

MSB has a beta of 0.43, meaning it tends to be less sensitive to market movements. MSB has a correlation of 0.02 to the broad based SPY ETF.

MSB has a market cap of $226.19 million. This is considered a Small Cap stock.

In the last 3 years, MSB stock traded as high as $39.61 and as low as $16.56.

MSB has underperformed the market in the last year with a price return of -28.7% while the SPY ETF gained +22.5%. MSB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.3% and -4.4%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

MSB support price is $16.85 and resistance is $17.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MSB stock will trade within this expected range on the day.