San Diego, CA -- (SBWIRE) -- 05/26/2017 -- Pingtan Marine Enterprise Ltd is under investigation over potential securities laws violations. The investigation was announced for investors in NASDAQ:PME shares in connection with certain financial statements made by Pingtan Marine Enterprise Ltd.

Investors who purchased shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pingtan Marine Enterprise Ltd (NASDAQ:PME) concerning whether a series of statements by Pingtan Marine Enterprise Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Pingtan Marine Enterprise Ltd reported that its annual Total Revenue declined from $60.70 million in 2015 to $20.54 million in 2016 and that its Net Income of $18.35 million in 2015 turned into a Net Loss of $13.72 million in 2016. Shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) grew from $0.87 per share in November 2016 to as high as $4.90 per share in early April 2017.

On May 10, 2017, an analyst published a report during business hours asserting that Pingtan Marine Enterprise Ltd concealed its involvement in, among other things, forced labor, illegal fishing, and human trafficking schemes. Shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) dropped to $2.31 per share on May 10, 2017.

On May 25, 2017, NASDAQ:PME shares closed at $2.97 per share.

Those who purchased shares of Pingtan Marine Enterprise Ltd (NASDAQ:PME) 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