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Imperial Petroleum Shares Rise 23% on Strong 1Q

By Josh Beckerman

Imperial Petroleum shares rose 23%, to $2.96, as first-quarter results benefited from strong market rates, particularly in the tanker sector.

Shares of the shipper of petroleum and petrochemical products hit a 52-week low of $2.08 on May 4. The shares touched a 52-week high of $14.55 on June 9, 2022.

The…

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