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.
See Also: Why Costco Stock Is Sliding Today
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.
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