Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.40 and traded as low as $0.3915. Pacific Basin Shipping shares last traded at $0.3915, with a volume of 660 shares changing hands.
Pacific Basin Shipping Trading Down 26.1%
The business’s fifty day simple moving average is $0.50 and its 200-day simple moving average is $0.40.
Pacific Basin Shipping Company Profile
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, leases and operates a fleet of smaller dry bulk vessels. The company focuses primarily on the Handysize and Supramax/Ultramax segments, which are designed to transport a broad range of commodities and can serve ports with relatively limited infrastructure.
Its vessels carry major and minor bulk cargoes, including agricultural products, minerals, coal, forest products, steel products and fertilizers.
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