An investigation on behalf of investors in Trecora Resources (NYSE:TREC) shares over potential wrongdoing at Trecora Resources was announced and NYSE:TREC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/20/2017 -- An investigation was announced for current long-term investors in NYSE:TREC shares over potential breaches of fiduciary duties by certain officers and directors at Trecora Resources.
Investors who purchased shares of Trecora Resources (NYSE:TREC) and currently hold any of those NYSE:TREC shares 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 Trecora Resources officers and directors breached their fiduciary duties.
Sugar Land, TX based Trecora Resources, formerly Arabian American Development Company, is engaged in manufacturing of specialty petrochemical products and synthetic waxes, and providing custom processing services. Trecora Resources reported that its annual Total Revenue declined from $289.64 million in 2014 to $241.98 million in 2015 and that its Net Income increased from $15.57 million in 2014 to $18.60 million in 2015.
Shares of Trecora Resources (NYSE:TREC) grew from $9.03 per share in February 2016 to $14.80 per share on January 10, 2017.
On January 19, 2017, NYSE:TREC shares closed at $13.00 per share.
Those who purchased shares of Trecora Resources 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