Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $7.05 and last traded at $7.05, with a volume of 537 shares. The stock had previously closed at $6.95.
Pacific Basin Shipping Stock Up 1.4 %
The company has a 50 day simple moving average of $6.03 and a 200-day simple moving average of $5.90.
Pacific Basin Shipping Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, May 24th. Investors of record on Friday, April 26th will be paid a dividend of $0.1048 per share. The ex-dividend date is Thursday, April 25th.
About Pacific Basin Shipping
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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