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EuroDry ( (EDRY) ) has issued an update.
On February 5, 2025, EuroDry Ltd. announced the sale of its 2000-built Panamax Bulk Carrier, M/V Tasos, for approximately $5 million. The decision to sell the vessel, due for an expensive fifth special survey, is expected to generate a gain of about $2.1 million. This move will bolster the company’s liquidity, allowing it to seize future investment opportunities, ultimately benefiting its shareholders.
More about EuroDry
EuroDry Ltd. is an operator in the shipping industry, focused on owning and operating drybulk vessels. The company provides seaborne transportation services for drybulk cargoes, positioning itself in the maritime sector with a fleet that includes various types of drybulk vessels.
YTD Price Performance: -2.03%
Average Trading Volume: 9,408
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.97M
For a thorough assessment of EDRY stock, go to TipRanks’ Stock Analysis page.
