An investigation for investors in Trecora Resources (NYSE:TREC) shares over potential securities laws violations by Trecora Resources was announced and NYSE:TREC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/08/2017 -- An investigation was announced on behalf of investors of Trecora Resources (NYSE:TREC) shares over potential securities laws violations by Trecora Resources in connection certain financial statements.
Investors who purchased shares of Trecora Resources (NYSE:TREC), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Trecora Resources (NYSE:TREC) concerning whether a series of statements by Trecora Resources regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 1, 2017, Trecora Resources reported its fourth quarter and full year 2016 results. Trecora Resources reported that its annual Total Revenue declined from $241.98 million in 2015 to $212.40 million in 2016 and that its Net Income increased from $18.60 million in 2015 to $19.43 million in 2016. In addition, Trecora Resources reported announced that its Audit Committee, "following consultation with management and discussion with the company's independent registered public accounting firm . . . concluded that there were errors in the accounting for its equity in earnings from its investment in AMAK in Q2 and Q3 2016." Trecora Resources further advised investors that the Company's quarterly reports for those periods should no longer be relied upon, and that Trecora Resources would restate its financial and operating results for those quarters before filing its annual report for 2016.
Shares of Trecora Resources (NYSE:TREC) closed on March 7, 2017 at $11.55 per share.
Those who purchased shares of Trecora Resources have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego