News stories about Mesabi Trust (NYSE:MSB) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mesabi Trust earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media coverage about the mining company an impact score of 46.6270710949873 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Mesabi Trust (NYSE:MSB) opened at $28.75 on Friday. Mesabi Trust has a 1 year low of $11.25 and a 1 year high of $28.85. The stock has a market cap of $375.89, a P/E ratio of 15.63 and a beta of 0.41.
About Mesabi Trust
Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc (Cliffs).
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