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

Key Points

• Pacific Basin Shipping shares experienced a gap up in trading, opening at $5.99, an increase from the previous close of $5.63.
• The company has a strong financial position with a debt-to-equity ratio of 0.10, indicating low leverage.
• Pacific Basin Shipping provides dry bulk shipping services globally, handling a wide range of cargoes including grains, ores, and coal.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - ) shares gapped up prior to trading on Monday . The stock had previously closed at $5.63, but opened at $5.99. Pacific Basin Shipping shares last traded at $5.99, with a volume of 4,554 shares changing hands.

Pacific Basin Shipping Stock Performance

The company has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $4.63. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.

Pacific Basin Shipping Company Profile

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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