Euroseas has completed its spinoff of its drybulk fleet into separate listed company EuroDry.
The new stock began trading this morning on the Nasdaq Capital Market under the ticker symbol EDRY.
It debuted at $7 per share before falling to $5 by mid-morning after the trade of about 42,000 shares.
EuroDry is a middle-range drybulk owner with six vessels. On an independent basis it was profitable in 2017.
