Pacific Basin Shipping (OTCMKTS:PCFBF) Stock Price Up 10.4% – Here’s Why

Pacific Basin Shipping Limited (OTCMKTS:PCFBFGet Free Report) rose 10.4% on Thursday . The company traded as high as $0.28 and last traded at $0.28. Approximately 1,000 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 13,091 shares. The stock had previously closed at $0.25.

Pacific Basin Shipping Price Performance

The firm has a 50 day moving average of $0.26 and a 200-day moving average of $0.30.

About Pacific Basin Shipping

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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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