Pacific Basin Shipping (OTCMKTS:PCFBY) Sees Large Volume Increase – Should You Buy?

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 350,789 shares traded hands during mid-day trading, an increase of 5,173% from the previous session’s volume of 6,653 shares.The stock last traded at $6.94 and had previously closed at $6.91.

Pacific Basin Shipping Price Performance

The company has a 50 day moving average of $6.86 and a 200-day moving average of $5.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.18 and a current ratio of 1.48.

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.

Featured Articles

• Five stocks we like better than Pacific Basin Shipping
• Where Do I Find 52-Week Highs and Lows?
• Market Momentum: 3 Stocks Poised for Major Breakouts
• The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
• 3 Reasons Casey’s General Stores Will Continue Trending Higher
• Business Services Stocks Investing
• Golden Cross Alert: 3 Stocks With Major Upside Potential