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Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Up - Time to Buy?

Pacific Basin Shipping logo with Transportation background

Key Points

  • Pacific Basin Shipping's stock price jumped from $5.55 to $5.99 at market opening on Monday, reflecting a positive trading sentiment with a volume of 522 shares.
  • The company has seen an 18.0% decline in its stock price recently, despite a strong current ratio of 1.62 and a quick ratio of 1.26.
  • Pacific Basin Shipping Limited specializes in dry bulk shipping services globally, transporting a variety of bulk materials including grains, ores, and coal.
  • Five stocks to consider instead of Pacific Basin Shipping.

Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.55, but opened at $5.99. Pacific Basin Shipping shares last traded at $5.99, with a volume of 522 shares.

Pacific Basin Shipping Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.10. The business's 50 day moving average is $5.33 and its 200 day moving average is $4.77.

Pacific Basin Shipping Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 25th will be paid a dividend of $0.0326 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 228.0%.

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.

See Also

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