Approach Resources Inc. (AREX) Jumps 14.71% on January 22

Equities Staff |

Approach Resources Inc. (AREX) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 14.71% to $1.07, representing a gain of $0.1372 per share. Some 755,725 shares traded hands on 2,361 trades, compared with an average daily volume of 836,947 shares out of a total float of 40.47 million. The stock opened at $1.01 and traded with an intraday range of $1.25 to $1.01.

After today's gains, Approach Resources Inc. reached a market cap of $43.3 million. Approach Resources Inc. has had a trading range between $9.57 and $0.75 over the last year, and it had a 50-day SMA of $1.78 and a 200-day SMA of $4.09.

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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Digital Power Corporation

Digital Power Corp is engaged in the design, manufacture and sale of switching power supplies and converters. The Company has two reportable geographic segments - North America and Europe.

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…