Investigation Overview
An investigation on behalf of investors in shares of Ring Energy Inc (NYSEAMERICAN:REI) was announced over potential breaches of fiduciary duties by certain officers and directors at Ring Energy Inc.
The investigation by a law firm concerns whether certain Ring Energy Inc (NYSEAMERICAN:REI officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Tulsa, OK based Ring Energy, Inc. (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. Ring Energy Inc reported that its annual Total Revenue declined from $31.01 million in 2015 to $30.85 million in 2016 and that its Net Loss Increased from $9.05 million to $37.64 million.