Mesabi Trust Falls 9.5% (MSB)

Shares of New York city-based Mesabi Trust MSB are trading down 9.5% at $41.85 per share during the Thursday afternoon trading session. The day's range for shares of Mesabi Trust has been between $41.62 and $45.89 per share. The average price target of analysts who cover Mesabi Trust (MSB) is $34.00 per share. Volume of 1.2 million shares is already nearly triple the daily average volume of 450,000 shares. Mesabi Trust is operated as a grantor trust in the United States and holds interests in various iron ore properties in the Mesabi Iron Range. Read more from Benzinga's Company news.