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Approach Resources Inc. (NASDAQ:AREX) Investor Investigation Concerning Possible Wrongdoing Announced

  • If you purchased shares of Approach Resources Inc. (NASDAQ:AREX), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Approach Resources Inc
Security
NASDAQ: AREX

Summary

April 14, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Approach Resources Inc. (NASDAQ:AREX) was announced over potential breaches of fiduciary duties by certain officers and directors at Approach Resources Inc.

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.

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