An investigation was announced for investors in NASDAQ:AREX shares was announced over potential breaches of fiduciary duties by certain officers and directors at Approach Resources Inc.
Investors who purchased shares of Approach Resources Inc. (NASDAQ:AREX) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Approach Resources Inc. (NASDAQ:AREX officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 18, 2017, NASDAQ:AREX shares closed at $2.27 per share.
Those who purchased NASDAQ:AREX shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego