An investigation on behalf of investors in PrimeEnergy Corporation shares over potential wrongdoing was announced and NASDAQ:PNRG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/03/2016 -- An investigation on behalf of investors in NASDAQ:PNRG shares was announced over potential breaches of fiduciary duties by certain directors at PrimeEnergy.
Investors who purchased shares of PrimeEnergy Corporation (NASDAQ:PNRG) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain PrimeEnergy directors breached their fiduciary duties and caused damage to the company and its shareholders.
PrimeEnergy Corporation reported that its annual Total Revenue declined from $144.58 million in 2014 to $79.11 million in 2015 and that its Net Income of $27.05 million in 2014 declined to a Net Loss of $12.78 million in 2015.
Shares of PrimeEnergy Corporation (NASDAQ:PNRG) declined from $76.95 per share in September 2015 to as low as $27.50 per share on April 8, 2016.
On June 2, 2016, NASDAQ:PNRG shares closed at $59.92 per share.
Those who purchased shares of PrimeEnergy Corporation have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego