Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) saw unusually-high trading volume on Friday. Approximately 5,500 shares were traded during trading, an increase of 221% from the previous session’s volume of 1,716 shares. The stock last traded at $10.07 and had previously closed at $9.4160.
Pacific Basin Shipping Stock Up 0.7%
The firm’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $8.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.82.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, operates and charters vessels used to transport raw materials and other dry bulk commodities internationally. The company focuses primarily on the handysize and supramax/ultramax segments, which are suited to serving a broad range of ports and trade routes.
Its vessels carry a variety of minor bulk cargoes, including agricultural products, grains, forest products, steel products, cement, fertilizers, minerals and other industrial materials.
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