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Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Up - Here's What Happened

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.
  • Looking to export and analyze Pacific Basin Shipping data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report)'s stock price 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 Stock Down 18.0%

The business has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $4.74. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.10.

Pacific Basin Shipping Company Profile

(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.

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