Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Up - Should You Buy?

Key Points

• Gapped up pre-market from $7.05 to $7.25 and last traded at $7.25 on only 130 shares, suggesting the move occurred on very thin volume.
• Financially the company shows a current ratio of 1.48, quick ratio of 1.18 and very low leverage with a debt-to-equity of 0.06; the stock sits below its 50-day SMA ($7.91) but above its 200-day SMA ($6.97).
• Pacific Basin is a Hong Kong–based dry bulk shipping specialist operating modern Handysize and Supramax vessels, and is one of the largest global owners/operators in the Handysize segment.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.05, but opened at $7.25. Pacific Basin Shipping shares last traded at $7.25, with a volume of 130 shares.

Pacific Basin Shipping Price Performance

The company has a current ratio of 1.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $7.91 and a 200 day simple moving average of $6.97.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.

Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.

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