Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 3,902 shares were traded during trading, an increase of 285% from the previous session’s volume of 1,014 shares.The stock last traded at $6.50 and had previously closed at $6.06.
Pacific Basin Shipping Stock Up 7.3%
The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.18 and a current ratio of 1.48. The company’s 50 day moving average price is $6.62 and its 200-day moving average price is $6.08.
Pacific Basin Shipping Company Profile
Pacific Basin Shipping Limited is a Hong Kong?based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end?users around the world.
Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.
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