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Pacific Basin Shipping (OTCMKTS:PCFBY) Shares Gap Up - What's Next?

Pacific Basin Shipping logo with Transportation background

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $5.37, but opened at $5.65. Pacific Basin Shipping shares last traded at $5.65, with a volume of 186 shares trading hands.

Pacific Basin Shipping Stock Down 1.4%

The company's 50 day simple moving average is $5.12 and its 200-day simple moving average is $4.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 1.26.

Pacific Basin Shipping Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.105 per share. This represents a yield of 4.21%. This is an increase from Pacific Basin Shipping's previous dividend of $0.09. The ex-dividend date was Tuesday, May 6th.

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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