Imperial Petroleum Stock Makes An Impressive Move Today

Imperial Petroleum Inc. is a shipping company for oil and petroleum products together with its subsidiaries. At the beginning of December, the Company began trading on the Nasdaq. However, today’s top gainer is Imperial Petroleum, which is fantastically up by more than 87% to $2.1800, at the same time, the pre-market trading session illustrates plummets by 25% to $1.5600. Despite not making any official announcements from the Company this week.

Imperial Petroleum

Moreover, on December 21, Imperial Petroleum reported its unaudited financial results for the third quarter and nine months ended September 30, 2021. For the third quarter of 2021, revenues came out of 4.1 million dollars, which is significantly reduced by 29.3%. In comparison, the revenues were at 5.8M dollars for the last year. It was reported that the Company’s net loss of $0.9 million and $0.7 million for the three months ended September 30, 2021, and 2020. EBITDA came in at $1.2 million for the three months ending September 30, 2021. Besides, the current market cap is not available, but its trading volume represents $104,352,586 shares.