Shares of Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $9.72, but opened at $10.00. Pacific Basin Shipping shares last traded at $10.00, with a volume of 257 shares.
Pacific Basin Shipping Price Performance
The stock has a 50-day moving average price of $9.93 and a 200 day moving average price of $8.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.33.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, operates and charters vessels used to transport raw materials and other dry bulk commodities internationally. The company focuses primarily on the handysize and supramax/ultramax segments, which are suited to serving a broad range of ports and trade routes.
Its vessels carry a variety of minor bulk cargoes, including agricultural products, grains, forest products, steel products, cement, fertilizers, minerals and other industrial materials.
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