Imperial Petroleum (NASDAQ:IMPPP) Stock Price Down 0.9% – Should You Sell?

Shares of Imperial Petroleum Inc. (NASDAQ:IMPPP) were down 0.9% on Friday . The company traded as low as $25.76 and last traded at $25.8350. Approximately 793 shares were traded during trading, a decline of 63% from the average daily volume of 2,150 shares. The stock had previously closed at $26.07.

Imperial Petroleum Price Performance

The firm has a 50-day simple moving average of $25.52 and a 200 day simple moving average of $25.29.

Imperial Petroleum Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.5469 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.19 annualized dividend and a yield of 8.5%.

Imperial Petroleum Company Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.