RTTNews | Jan 28, 2022 10:21AM EST

10:20 Friday, January 28, 2022 (RTTNews.com) - Shares of Imperial Petroleum Inc. (IMPP) surged over 150% on Friday morning despite no stock-related news to drive the shares.

IMPP is currently trading at $2.9940, up $1.8340 or 158.1035%, on the Nasdaq.

Imperial Petroleum provides international seaborne transportation services to oil producers, refineries, and commodities traders. As of September 30, 2021, it owns and operates cargo fleet with capacity is 255,804 dwt. The company was incorporated in 2021 and is based in Athens, Greece.

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