Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) saw strong trading volume on Friday . 339,124 shares were traded during mid-day trading, an increase of 488% from the previous session’s volume of 57,713 shares.The stock last traded at $8.20 and had previously closed at $0.41.

The company’s market cap is $352.90 million. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $13.66.

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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