Why Imperial Petroleum Shares Are Rising Today

Shares of small-cap penny stock Imperial Petroleum Inc IMPP are trading higher by 8.74% at $0.59. Imperial Petroleum shares are trading higher on above-average volume as the stock trends across social media platforms. Energy names have been volatile amid the Russia-Ukraine conflict, which has lifted oil and gas prices due to supply concerns.

Several energy companies at large are also trading higher in sympathy with the increase in oil prices.

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Imperial Petroleum is a provider of international seaborne transportation services to oil producers, refineries and commodities traders.

According to data from Benzinga Pro, Imperial Petroleum has a 52-week high of $9.70 and a 52-week low of $0.38.