An investigation for investors in NASDAQ:PNRG shares was announced over potential breaches of fiduciary duties by certain officers and directors at Stamford, CT based PrimeEnergy.
Investors who purchased shares of PrimeEnergy Corporation (NASDAQ:PNRG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain PrimeEnergy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Oil and natural gas company 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 declined from $76.95 per share in September 2015 to as low as $27.50 per share on April 8, 2016.
On June 15, 2016, NASDAQ:PNRG shares closed at $59.12 per share.
Those who purchased NASDAQ:PNRG shares 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