An investigation on behalf of investors in AREX shares over potential wrongdoing at Approach Resources Inc. was announced and NASDAQ:AREX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/14/2017 -- Certain directors of Approach Resources Inc are under investigation concerning possible wrongdoing. The investigation was announced on behalf of investors in shares of Approach Resources Inc. (NASDAQ:AREX).
Investors who purchased shares of Approach Resources Inc. (NASDAQ:AREX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Approach Resources I directors breached their fiduciary duties.
Approach Resources Inc. reported that its annual Total Revenue declined from $131.34 million in 2015 to $90.30 million in 2016 and that its Net Loss decreased from $174.10 million in 2015 to $52.24 million in 2016 Shares of Approach Resources Inc. (NASDAQ:AREX) declined from over $23 per share in 2014 to as low as 0.712 per share in February 2016.
On April 13, 2017, NASDAQ:AREX shares closed at $2.49 per share.
Those who purchased shares of Approach Resources Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com