Imperial Petroleum Inc (IMPP)

IMPP Imperial Petroleum Q1 2026 Earnings | Debt Free Stock Trading 60% Below NAV

IMPERIAL PETROLEUM INC. Reports Q1 26 results, SECOND BEST QUARTERLY results in its history

May 22 2026 - 9:20AM


IMPERIAL PETROLEUM INC. (NASDAQ: IMPP; the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2026.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Fleet operational utilization of 88.7% in Q1 26’ compared to 91.8% in Q4 25’ and 83.8% in Q1 25’.

Approximately 59% of total fleet calendar days in Q1 26’ were dedicated to time charter activity while approximately 39% to spot activity.

Delivery of the dry bulk carrier, Eco Crossfire, on April 3, 2026 which increased our fleet on the water to 21 vessels; the remaining four contracted dry bulk carriers and one tanker are scheduled to be delivered by end of Q3 26’ bringing our total fleet to 26 ships.

In Q1 26’ Imperial Petroleum marked its second- best quarterly performance.

Revenues of $61.7 million in Q1 26’ compared to $51.1 million in Q4 25’ and $32.1 million in Q1 25’, representing a 20.7% increase and a 92.2% increase, respectively.

Impressive increase of our operating income to $26.5 million in Q1 26’, marking a $12.8 million or 93.4% increase compared to Q4 25’ and a $18.7 million or 239.7% increase compared to Q1 25’.

Net income generation of $28.0 million in Q1 26’- the second best in our history- compared to $15.0 million in Q4 25’, and $11.3 million in Q1 25’, representing a 86.7% and 147.8% increase, respectively.

Basic EPS of $0.60 in Q1 26’.

EBITDA1 of $34.4 million for Q1 26’.

Continued enhancement of our liquidity through efficient vessel operations; cash and cash equivalents including time deposits of $212.6 million as of March 31, 2026 compared to $179.1 million as of December 31, 2025.

Under the $10 million stock repurchase program, the Company has repurchased up to May 21, 2026 a total of 855,769 common shares for an aggregate amount of $3.8 million.

CEO Harry Vafias Commented

We are extremely pleased with our first quarter 2026 results. With a net income of $28 million, corresponding to a basic EPS of $0.60 per share, we generated the second-best quarterly profitability in the Company’s history. Geopolitical tensions persist, creating turbulence across global markets and the shipping industry in particular. The ongoing Middle East conflict has driven tanker market rates to peak levels, while dry bulk market rates have also firmed.

In this environment, we successfully capitalized upon our sizeable fleet. Our expansion strategy continues to deliver strong results, and we believe that our active share repurchase program will help our share price better reflect the Company’s true underlying value — a fleet of 21 vessels on the water with 5 more to be delivered shortly, ample liquidity in excess of $220 million, a consistently profitable track record, and a completely debt-free balance sheet.

https://investorshub.advfn.com/stock-market/NASDAQ/imperial-petroleum-IMPP/stock-news/98594227/imperial-petroleum-inc-reports-q1-26-results-sec

Imperial Petroleum Inc. Reports Fourth Quarter and Twelve Months 2025 Financial and Operating Results


March 06 2026 - 9:10AM



IMPERIAL PETROLEUM INC. (NASDAQ: IMPP; the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2025.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Fleet operational utilization of 91.8% for Q4 25’ compared to 88.7% in Q3 25’, representing the best quarterly performance in 2025. In Q4 24’ our fleet operational utilization was 86.0%.

Fleet operational utilization for Q4 25’ was 90.4% for our drybulk fleet and 93.4% for our tanker fleet.

Reduction of idle days in Q4 25’ by 24.3% compared to Q3 25’.

About 71% of total fleet calendar days in Q4 25’ were dedicated to time charter activity while 29% to spot activity.

Delivery of the drybulk carrier Post Marvel on January 12, 2026, increasing our current fleet on the water to 20 vessels.

Further fleet growth, following the agreement in December 2025, to acquire three handysize drybulk carriers and one product tanker vessel
Revenues of $51.1 million in Q4 25’ compared to $26.2 million in Q4 24’, representing a 95.0% increase. This increase is mainly the outcome of our dynamic fleet growth.

Impressive increase of our operating income to $13.7 million in Q4 25’, marking a $8.7 million or 174% increase compared to Q4 24’ and a $3.4 million or 33.0% increase to Q3 25’.

Net income of $15.0 million in Q4 25’ compared to $3.9 million in Q4 24’, representing a 284.6% rise and $11.0 million in Q3 25’, representing a 36.4% rise.

EBITDA1 of $21.3 million for Q4 25’ compared to $6.4 million in Q4 24’, representing an increase of 232.8%.

Net income of $50.0 million for 12M 25’, EBITDA of $71.0 million and cash flows from operations $80.8 million.

Cash and cash equivalents including time deposits of $179.1 million as of December 31, 2025. Our current cash position as of the date of this release is about $198 million.

Enactment of a $10 million share repurchase program; Under this scheme the Company has repurchased to date a total of 251,625 common shares for an aggregate amount of $0.9 million.

Fourth Quarter 2025 Results:

Revenues for the three months ended December 31, 2025 amounted to $51.1 million, an increase of $24.9 million, or 95.0%, compared to revenues of $26.2 million for the three months ended December 31, 2024, primarily due to the increase of our fleet by an average of 8.0 vessels along with the strengthening of spot market rates for suezmax tankers.

Voyage expenses and vessels’ operating expenses for the three months ended December 31, 2025 were $16.6 million and $11.3 million, respectively, compared to $8.5 million and $6.7 million, respectively, for the three months ended December 31, 2024. The $8.1 million increase in voyage expenses is mainly attributed to increased port expenses due to higher number of transits through the Suez Canal and increased bunkers consumption, primarily resulting from ballast voyages of the newly acquired dry bulk carriers. The $4.6 million increase in vessels’ operating expenses is primarily due to the increased size of our fleet by an average of 8.0 vessels.

Drydocking costs for the three months ended December 31, 2025 and 2024 were nil and $0.2 million, respectively. During the three months ended December 31, 2025 and 2024, no vessel underwent drydocking whereas in the three months ended December 31, 2024 charges related to a drydocking which took place at the end of the third quarter of 2024.

General and administrative costs for the three months ended December 31, 2025 and 2024 were $1.1 million and $1.0 million, respectively. This increase is mainly attributed to the increase in stock-based compensation costs.

Depreciation for the three months ended December 31, 2025 and 2024 was $7.6 million and $4.5 million, respectively. This increase is attributable to the increase in the average number of vessels in our fleet.

Management fees for the three months ended December 31, 2025 and 2024 were $0.8 million and $0.4 million, respectively. This increase is attributable to the increase in the average number of vessels in our fleet.

Interest and finance costs for the three months ended December 31, 2025 and 2024 were $0.004 million and $0.3 million, respectively. The $0.3 million of costs for the three months ended December 31, 2024 relate mainly to the accrued interest expense – related party, in connection with the $14.0 million, part of the acquisition price of our bulk carrier, Neptulus, which was fully repaid in May 2025.

Interest income for the three months ended December 31, 2025 was $1.3 million as compared to $2.3 million for the three months ended December 31, 2024. The $1.0 million decrease is mainly attributed to a lower amount of funds placed under time deposits along with a decrease in time deposit rates.

Foreign exchange loss for the three months ended December 31, 2025 was $0.2 million as compared to $3.3 million for the three months ended December 31, 2024. The $3.1 million decrease is mainly attributed to movements in the euro/U.S. dollar exchange rate during the quarters. Specifically, the euro appreciated slightly between September 30, 2025 and December 31, 2025, compared to a depreciation during the same period in 2024. Moreover, the Company held lower euro-denominated amounts of funds compared to the prior period.

As a result of the above, for the three months ended December 31, 2025, the Company reported net income of $15.0 million, compared to net income of $3.9 million for the three months ended December 31, 2024. Dividends paid on Series A Preferred Shares amounted to $0.4 million for the three months ended December 31, 2025. The weighted average number of shares of common stock outstanding, basic, for the three months ended December 31, 2025 was 38.1 million. Earnings per share, basic and diluted, for the three months ended December 31, 2025 amounted to $0.37 and $0.35, respectively, compared to earnings per share, basic and diluted, of $0.10 and $0.10, respectively, for the three months ended December 31, 2024.

Adjusted net income1 was $15.8 million corresponding to an Adjusted EPS1, basic, of $0.39 for the three months ended December 31, 2025 compared to an Adjusted net income of $4.6 million corresponding to an Adjusted EPS, basic, of $0.12 for the same period of last year.

EBITDA for the three months ended December 31, 2025 amounted to $21.3 million, while Adjusted EBITDA1 for the three months ended December 31, 2025 amounted to $22.1 million.

An average of 19.0 vessels were owned by the Company during the three months ended December 31, 2025 compared to 11.0 vessels for the same period of 2024.

Twelve months 2025 Results:

Revenues for the twelve months ended December 31, 2025 amounted to $161.0 million, an increase of $13.5 million, or 9.2%, compared to revenues of $147.5 million for the twelve months ended December 31, 2024, primarily due to the increase in the average number of vessels following the expansion of our drybulk fleet.

Voyage expenses and vessels’ operating expenses for the twelve months ended December 31, 2025 were $49.4 million and $37.7 million, respectively, compared to $52.0 million and $26.4 million, respectively, for the twelve months ended December 31, 2024. The $2.6 million decrease in voyage expenses is mainly attributed to a decrease in spot days by 24.1% as a result of a rise in time charter activity. The $11.3 million increase in vessels’ operating expenses was primarily due to the increase in the average number of vessels in our fleet.

Drydocking costs for the twelve months ended December 31, 2025 and 2024 were $1.7 million. During the twelve months ended December 31, 2025, one suezmax tanker and one supramax drybulk carrier underwent drydocking while in the same period of last year two tanker vessels underwent drydocking.

General and administrative costs for the twelve months ended December 31, 2025 and 2024 were $4.6 million and $4.9 million, respectively. This change is mainly attributed to the decrease in stock-based compensation costs.

Depreciation for the twelve months ended December 31, 2025 was $25.9 million, a $8.9 million increase from $17.0 million for the same period of last year, due to the increase in the average number of our vessels.

Other operating income for the twelve months ended December 31, 2025 was $0.9 million and related to the accrued income of an insurance claim in connection with dry-docking repairs undertaken in prior years, that is expected to be collected within 2025. Other operating income for the twelve months ended December 31, 2024 was $1.9 million and related to the collection of an insurance claim in connection with repairs undertaken in prior years.

Interest and finance costs for the twelve months ended December 31, 2025 and 2024 were $2.3 million and $0.4 million, respectively. The $2.3 million of costs for the twelve months ended December 31, 2025 relate mainly to accrued interest expense – related party in connection with our last nine vessel acquisitions for which purchase agreement allowed vessels for repayment to take place within one year from purchase agreement. For accounting purposes, the outstanding balances payable on these nine vessels had to be allocated between principal and imputed interest up until vessel repayment, although no interest was contractually charged by the sellers. The final balances repaid in full within the twelve months of 2025, remained the same as the originally agreed purchase prices. The $0.4 million of costs for the twelve months ended December 31, 2024 relate mainly to the accrued interest expense – related party, in connection with the $14.0 million, part of the acquisition price of our bulk carrier, Neptulus, which was fully repaid in May 2025.

Interest income for the twelve months ended December 31, 2025 and 2024 was $7.3 million and $8.3 million, respectively. The decrease is mainly attributed to the $1.6 million of accrued interest income – related party for the twelve months ended December 31, 2024, in connection with the $38.7 million of the sale price of the Aframax tanker Afrapearl II (ex. Stealth Berana). The balance was collected in July 2024, thus the balance for the twelve months ended December 31, 2025 was nil.

Foreign exchange (loss)/gain for the twelve months ended December 31, 2025 was a gain of $4.4 million as compared to a loss of $2.7 million for the twelve months ended December 31, 2024. The $4.4 million foreign exchange gain for the twelve months ended December 31, 2025, is mainly attributed to favourable exchange rate movements, reflecting an appreciation of the euro/U.S. dollar exchange rate, compared to a depreciation during the same period in 2024.

As a result of the above, the Company reported net income for the twelve months ended December 31, 2025 of $50.0 million, compared to a net income of $50.2 million for the twelve months ended December 31, 2024. The weighted average number of shares outstanding, basic, for the twelve months ended December 31, 2025 was 34.5 million. Earnings per share, basic and diluted, for the twelve months ended December 31, 2025 amounted to $1.35 and $1.29, respectively compared to earnings per share, basic and diluted, for the twelve months ended December 31, 2024 amounted to $1.54 and $1.40, respectively.

Adjusted Net Income was $53.2 million corresponding to an Adjusted EPS, basic of $1.44 for the twelve months ended December 31, 2025 compared to adjusted net income of $55.1 million, or $1.70 Adjusted EPS, basic, for the same period of last year.

EBITDA for the twelve months ended December 31, 2025 amounted to $71.0 million while Adjusted EBITDA for the twelve months ended December 31, 2025 amounted to $74.2 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.

An average of 16.0 vessels were owned by the Company during the twelve months ended December 31, 2025 compared to 10.4 vessels for the same period of 2024.

As of December 31, 2025, cash and cash equivalents including time deposits amounted to $179.1 million and total debt amounted to nil.


https://investorshub.advfn.com/stock-market/NASDAQ/imperial-petroleum-IMPP/stock-news/98000675/imperial-petroleum-inc-reports-fourth-quarter-and

Imperial Petroleum Announces $10 Million Share Repurchase Program

February 09 2026 - 9:20AM


Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”) today announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.

About Imperial Petroleum Inc.

IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of twenty vessels on the water - seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, five supramax drybulk carriers, two kamsarmax drybulk vessels and a post panamax drybulk carrier - with a total capacity of approximately 1,291,000 deadweight tons (dwt) and has contracted to acquire an additional five handysize drybulk carriers and a product tanker of 223,700 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 26 vessels with an aggregate capacity of about 1.5 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

https://investorshub.advfn.com/stock-market/NASDAQ/imperial-petroleum-IMPP/stock-news/97791346/imperial-petroleum-announces-10-million-share-rep

Yup I am picking up on that as I look into this more.

Been burned by the Greeks before in shipping. It's hard to trust them.

Have they said what they were intending to use the $50 million for?

It took longer than I expected but the news dropped of a private placement of 9.5 million shares at $6.30 . Company raises $50 million, and I'm sure the those two institutional investor hedged themselves simultaneously with puts.

From 4.25 to over 6 since I last posted.   This could go to $20 and I still wouldn't trust the CEO to look out for anyone other than himself and his families interests.

thank you. duly noted. had similar experience in two other greek shipping cos.

I suggest you go back and read the previous posts. Harry Vafias is Chairman and CEO. Also owns sister public companies, GASS and CISS. Lot of intercompany deals with more of his private companies so there is a skim factor and management fees.
Loves to do secondaries and reverse splits on dumb American investors. Every once in awhile will run the stock under guise of adding ships and deferring payments for a year only to eventually drop a private placement on shareholders,which he needs in order to purchase the ships.
Typical Greek shipping company.
All imo based upon last few years results.

does anyone know the board and who the CEO is? their track record?

Earnings were soft and revenues declined quarter over quarter due to weakness in rates. Cash is $207 million but they need to pay $14 mil in May for one vessel and if memory serves me correctly they have contracted to acquire seven Japanese built drybulk carriers, aggregating approximately 443,000 dwt, which are expected to be delivered to us between January 2025 and May 2025.


Price hit 2.55 this morning before recovering. Me thinks this would be low water point for the stock. But who knows with Greek shippers!

Right back down near the 2.80 support level that it has bounced off twice in recent months. Usually third time is the charm to break below. We shall see. Shipping stocks have been hammered for awhile with lower contract prices. They are still making money but market is looking 3-6 months ahead.

IMPP..........................https://stockcharts.com/h-sc/ui?s=IMPP&p=W&b=5&g=0&id=p86431144783

Very likely company has been buying shares from the mid
2.80 area.   Why tell anybody if you buy shares under $3?    Especially if you have a bunch of cash that is burning a hole in your pocket.

Second test of $2.80 level is occurring right now. Time will tell.

Bounced right at $2.80 support level. Would need to see a second test and hold to confirm imo.

IMPP...$3.06s clearing here...Reversal Candle...🥳

georgie18

Member Level
Re: None

Tuesday, December 03, 2024 3:58:36 PM

Post#
386382
of 386419
IMPP...$2.99...Scaling in here...🥳https://schrts.co/qvnfhRXD ...

https://finance.yahoo.com/news/imperial-petroleum-inc-impp-q3-070026557.html

Release Date: December 02, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points
Imperial Petroleum Inc (NASDAQ:IMPP) achieved a profit of close to $11 million in Q3 2024 despite a challenging market environment.

The company reported a significant improvement in profitability, with adjusted net income increasing by 142% compared to Q3 2023.

Imperial Petroleum Inc (NASDAQ:IMPP) maintains a strong liquidity position with approximately $200 million in cash and zero debt.

The company generated $68 million in operating cash flow for the nine months of 2024, showcasing robust cash flow generation.

Imperial Petroleum Inc (NASDAQ:IMPP) has a flexible capital structure with high liquidity and minimal liabilities, positioning it well to weather market conditions.

Just to be accurate the Q&A from that transcript was not from analysts or investors asking the questions.  It was an AI version of statements made by the company and made into a Q&A format by the author.

IMPP...$2.99...Scaling in here...🥳https://schrts.co/qvnfhRXD ...

https://finance.yahoo.com/news/imperial-petroleum-inc-impp-q3-070026557.html

Release Date: December 02, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points
Imperial Petroleum Inc (NASDAQ:IMPP) achieved a profit of close to $11 million in Q3 2024 despite a challenging market environment.

The company reported a significant improvement in profitability, with adjusted net income increasing by 142% compared to Q3 2023.

Imperial Petroleum Inc (NASDAQ:IMPP) maintains a strong liquidity position with approximately $200 million in cash and zero debt.

The company generated $68 million in operating cash flow for the nine months of 2024, showcasing robust cash flow generation.

Imperial Petroleum Inc (NASDAQ:IMPP) has a flexible capital structure with high liquidity and minimal liabilities, positioning it well to weather market conditions.

Dead cat bounce today and then move lower later this week?

I'm wonder how many folks added to their positions when the stock broke below 3 just because it was an opportunity to "buy shares in the 2's" and maybe will start rethinking that purchase. Lest you forget the stock was 1.70 about a year ago.   Have shareholders felt all the pain downward so far?  It better hold $2.82 as I think that is the last remaining support level before it free falls to $2.50, then $2.10.

Once again, no Q&A after the presentation.

"Thank you and goodnight"!

Earnings were just ok. Utilization was only 65%, as Harry "forgot" to tell his investors that one ship was idle all quarter due to a "minor" repair.

Even with close to $200 mil cash, that amount will go way down with upcoming purchase of 8 vessels for around $130 mil and the softening of spot rates in the tanker market.

No mention of stock buybacks in conference call.

This stock will likely go under $3.   Doesn't matter if P/E is under 2.  Currently a value trap in an industry known for deceiving investors. 

Earnings for period ending Sept 30 will be released before the market opens on 12/2.

I sold 5k IMPP in the $3.70s and CISS I dumped a month or two ago.

No time for either one of those anymore

Expect to see a washout of this stock below $3.50 as long time holders start to bail.   Institutional holder Hudson Bay has already reduced holdings to zero. 

Almost feels like Harry is thinking about doing another offering to raise even more cash. Perhaps at $3?

MM’s tried a head fake this morning pushing price up to $3.80 where it was met with significant selling.

Me thinks the 200 DMA of $3.64 is in jeopardy of falling.

Broke below 3.80 intraday on volume. Does support line turn into resistance line?

4th test of the $3.80 support level.

The classic short squeeze spike and reversal. If stock doesn’t hold 4, then likely to test 3.80 again, perhaps even $3.50.

Realization that new ship purchases are for lower daily rate vessels and thus potentially lower margins.

Looking good from the lower left to the upper right.  All eyes are on that upper trend line $4.45/$4.50 resistance

What I find interesting is the amount of sellers in the $3.80 -$4.30 range. If the future looks so bright why all the selling? Perhaps it’s just nervous retail looking for the next hot sector. Less than 8% institutional holding.

The real play here should be the company buying back its own stock. The real fear is that if it happens, the company will do another offering at higher prices because it just can’t help itself.

Shares Outstanding 29.81M
Shares Float 17.39M
Short Float 16.57%
Short Interest 2.88M

https://finviz.com/quote.ashx?t=IMPP&p=d

Making nice reversal up to 4.25 area.

Decent volume today at least.

Looking forward to the chart continuing to make a series of higher lows as institutions begin to take notice

Clearly this isn't retail

Analyst Tate Sullivan of Maxim Group maintained a Buy rating on Imperial Petroleum, Inc. (IMPP – Research Report), retaining the price target of $8.00.
Tate Sullivan has given his Buy rating due to a combination of factors involving Imperial Petroleum, Inc.’s strategic acquisition and favorable market dynamics. The analyst has raised estimates following the company’s announcement of acquiring seven dry bulk ships, which aligns closely with its cash and equivalents balance, signifying a strong liquidity position. Furthermore, Imperial Petroleum’s advantageous payment terms for the ships and the anticipated interest income prior to payment underscore the company’s financial prudence. Sullivan also acknowledges the company’s robust cash flow projections and absence of debt, reducing the likelihood of requiring additional capital.

Additionally, Tate Sullivan’s optimism is reflected in the increased revenue and earnings per share (EPS) forecasts for 2025, suggesting substantial year-over-year growth. This is despite a conservative adjustment in time charter equivalent (TCE) rates for some vessels. The analyst also factors in the broader market outlook, including global economic growth projections and sector-specific trends that could boost tanker rates, as well as limited supply growth due to the extended lead time for new ship deliveries. These combined elements contribute to Sullivan’s conviction in maintaining a Buy rating and an $8.00 price target, representing significant upside from the current trading level based on the forecasted book value per share.

If today’s charts are accurate , there was a third test (and bounce) off the $3.80 mark. Of course the question is “why so much selling of a company that is supposedly generating so much cash”?

$IMPP Seeking Alpha Piece

https://seekingalpha.com/article/4722937-imperial-petroleum-from-a-dilution-machine-to-a-potential-nav-convergence-opportunity

With HV it feels very much like doing transactions with a used car dealer. He buys $10 million ships from himself and sells them at a premium to IMPP shareholders for $13 million.

This creates the discount to NAV.

Took 155k shares to bring it to the $3.80 level but only 15k shares to bring it back to $3.93 where it has been churning for the last 15 minutes.

Need to watch for a second test of $3.80. Shareholders think the stock is cheap but the intercompany games that HV plays is the real driver of why analysts are hesitant about recommending this company.

I think Harry’s goal all along is to use the cash to build his fleet, which means buying more tankers from his own family, allowing him to repeat/rinse skimming broker fees off the top and delaying payment for one year.

It’s worked for him (and his family) in the past, not so much for shareholders. Buyback of stock is not in the cards just yet.

At some point when the fleet gets above 25-30 ships, this may be a good investment. Also at some point older ships will be sold to CISS at a premium causing more dilution for that ticket until HV creates yet another public company that CISS can sell ships to.

All assuming that ship spot market prices per day remain stable.

Heavy selling going on this morning in the first 15 minutes….about 1/2 of it avg daily trading volume so far.

3.83 prints as I’m typing. Still expect it to fall below $3.50.

Will see what the rest of the day looks like.

It's pretty incredible we are still trading in the low single digits

Excellent back n forth discussion today@ the other place

Exactly....too bad there's no real discussion about this and zero institutional interest

Retracements down to the sub $4 level really test the patience of most - especially on low volume.  

Guess Harry Vafias doesn't consider $IMPP's share price low enough to perform share buy-backs.

One would think that a man with his such elevated level of narcissism would want to boast about the performance of the underlying stock of Imperial Petroleum, surpassing the $5 level in heading into double digits 

Quite perplexing to say the least

Looks like a second test of the 4.00 level is incoming.