Approach Resources Inc. (AREX) Drops 10.09% on February 16

Equities Staff |

Approach Resources Inc. (AREX) was one of the Russell 2000's biggest losers for Tuesday February 16 as the stock slid 10.09% to $0.84, a loss of $-0.0938 per share. Starting at an opening price of $0.95 a share, the stock traded between $0.81 and $1.04 over the course of the trading day. Volume was 265,124 shares over 647 trades, against an average daily volume of 777,172 shares and a total float of 40.47 million.

The losses send Approach Resources Inc. down to a market cap of $33.84 million. In the last year, Approach Resources Inc. has traded between $9.57 and $0.75, and its 50-day SMA is currently $1.35 and 200-day SMA is $3.50.

Approach Resources Inc is an independent energy company. It is engaged in the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas.

Approach Resources Inc. is based out of Fort Worth, TX and has some 142 employees. Its CEO is J. Ross Craft.

For a complete fundamental analysis analysis of Approach Resources Inc., check out Equities.com’s Stock Valuation Analysis report for AREX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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