Pacific Basin Shipping (OTCMKTS:PCFBF) Trading Down 12.5% – Time to Sell?

Shares of Pacific Basin Shipping Limited (OTCMKTS:PCFBFGet Free Report) fell 12.5% during trading on Thursday . The stock traded as low as $0.18 and last traded at $0.18. 5,000 shares were traded during trading, an increase of 8% from the average session volume of 4,650 shares. The stock had previously closed at $0.20.

Pacific Basin Shipping Stock Performance

The firm has a fifty day moving average price of $0.22 and a 200 day moving average price of $0.26.

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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