Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report)’s share price dropped 16.6% during mid-day trading on Thursday . The company traded as low as $0.21 and last traded at $0.21. Approximately 26,497 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 13,690 shares. The stock had previously closed at $0.25.
Pacific Basin Shipping Stock Performance
The firm’s 50 day moving average is $0.26 and its 200 day moving average is $0.29.
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.
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