stock market vs the war? Say no more
Imperial Petroleum Inc. (NASDAQ: IMPP)
The largest premarket gainer of the day so far is
IMPP stock. In morning trading, shares of
IMPP stock exploded by over 52% to over $0.75 per share. This is a major gain and comes only a few weeks after it closed on a $12 million underwritten public offering. Based in Greece,
IMPP offers oil transport across Seaborne shipping channels. It owns three product tankers and one oil tanker.
[Read More] Best Penny Stocks to Watch This Coming Week
While it’s hard to say exactly why
IMPP is moving, it could be due to two reasons. On one hand, shares declined by over 7% on Friday, which could be responsible for today’s bullish turnaround. In addition, the aforementioned closing of the Nord Stream pipeline could be shining a light on
IMPP stock. Regardless, it could be worth watching during trading today.
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