Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) dropped 2.4% during trading on Friday . The stock traded as low as $0.40 and last traded at $0.40. Approximately 20,000 shares traded hands during mid-day trading, an increase of 264% from the average daily volume of 5,500 shares. The stock had previously closed at $0.41.
Pacific Basin Shipping Trading Down 2.4%
The company’s fifty day moving average is $0.38 and its two-hundred day moving average is $0.32.
About Pacific Basin Shipping
Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is a leading global carrier of dry bulk cargo headquartered in Hong Kong. The company specialises in transporting a diverse range of commodities, including coal, grain, fertilisers and industrial minerals. Leveraging its focus on regional size segments—primarily Handysize and Supramax vessels—Pacific Basin Shipping delivers flexible and cost-effective shipping solutions to industrial and trading companies across major trade lanes.
Founded in 1987 and listed on the Main Board of the Hong Kong Stock Exchange in 1997, Pacific Basin has built a reputation for operational excellence and strong customer service.
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