NASDAQ:IMPP   Imperial Petroleum Inc
Imperial Petroleum , Lowest float & market cap GAS stock on WEBULL.

The webull readout said 3000% of the float was turned over yesterday on tuesday, adn then today another 3000% of the float was turned over. The company did an offering for 11,000,000$ underwritten for ships, cargo / oil shipping.

With the war on Ukraine, this is exactly the type of stock I used to hedge for inflation and to help provide a means of production at the same time to reduce the cost of oil .

My projection is neutral but long.

1.25 was our high of the day, with a low of about 1.03, targets are approximately 1.50 2.10 3.50.

Short interest is 100% utilized, the borrowing fee is 100% annual.

The float is 14,000,000 total.

There is a small chance for a retracement to the .80s, but it would still be a good valued stock at these levels.

OIL and SHIPPING will grow over the next 6 months I believe.

it looks like shoulder 2 of a large Elliot wave .


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