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Why Shares Of Imperial Petroleum Are Trading Lower Today

Imperial Petroleum Petroleum Imperial Petroleum Inc Nasdaq

Shares of small-cap penny stock Imperial Petroleum Inc. (NASDAQ:IMPP) shares are trading lower after the company reported first-quarter 2022 earnings results.

Imperial Petroleum Inc. reported quarterly losses of $(0.01) per share. The company reported $5.10 million in sales revenue in the first-quarter of 2022. The same level as the first-quarter of 2021 but approximately 28% higher than revenues in the fourth-quarter 2021 as a result of improved market rates.

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