An investigation on behalf of investors in NASDAQ:RGC) shares over potential wrongdoing at RGC Resources Inc was announced and NASDAQ:RGCO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/18/2017 -- An investigation was announced for investors in shares of RGC Resources Inc. concerning potential breaches of fiduciary duties by certain directors at RGC Resources.
Investors who purchased shares of RGC Resources Inc. (NASDAQ:RGCO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain RGC Resources and directors breached their fiduciary duties.
Roanoke, VA based RGC Resources, Inc. is an energy services company that is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary. RGC Resources Inc. reported that its Total Revenue declined from $67.09 million for the 12 months period that ended on September 30, 2015 to $58.08 million for the 12 months period that ended on September 30, 2016 and that its Net Income for those respective time period increased from $5.09 million to $5.81 million.
On August 17, 2017, NASDAQ:RGCO shares closed at $25.98 per share.
Those who purchased shares of RGC Resources Inc. 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