Pacific Basin Shipping (OTCMKTS:PCFBY) Sees Strong Trading Volume – Time to Buy?

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBYGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 350,789 shares were traded during trading, an increase of 5,173% from the previous session’s volume of 6,653 shares.The stock last traded at $6.94 and had previously closed at $6.91.

Pacific Basin Shipping Stock Up 0.4%

The stock’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $5.90. The company has a current ratio of 1.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.06.

About Pacific Basin Shipping

(Get Free Report)

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.

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