Approach Resources (AREX) Shares Cross Below Book Value

In trading on Tuesday, shares of Approach Resources Inc (AREX) crossed below their last reported book value — defined as common shareholder equity per share — of $18.18, changing hands as low as $17.75 per share. Approach Resources Inc shares are currently trading down about 12.8% on the day. The chart below shows the one year performance of AREX shares, versus its 50 and 200 day moving averages:

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Approach Resources Inc Moving Averages Chart

Looking at the chart above, AREX's low point in its 52 week range is $17.59 per share, with $31.67 as the 52 week high point — that compares with a last trade of $18.14.

According to the ETF Finder at ETF Channel, AREX makes up 1.12% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) which is trading lower by about 2.8% on the day Tuesday.

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