IMPERIAL PETROLEUM INC had a great day on the market, as its shares rose by 12% to close at $45.67. The company reported strong earnings for the first quarter of 2023, beating analysts' expectations.
The oil and gas producer also announced plans to expand its operations in the Middle East and Africa, where it sees high demand and low costs. Investors were impressed by the company's performance and outlook, and rewarded it with a higher valuation.
