Pacific Basin Shipping (OTCMKTS:PCFBY) Stock Price Up 12.1% - Should You Buy?

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) shares shot up 12.1% during mid-day trading on Monday . The company traded as high as $5.29 and last traded at $5.29. 111 shares traded hands during trading, a decline of 98% from the average session volume of 6,297 shares. The stock had previously closed at $4.72.

Pacific Basin Shipping Trading Up 2.6%

The firm's 50-day moving average price is $4.91 and its 200-day moving average price is $4.49. 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 Increases Dividend

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

About Pacific Basin Shipping

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.