May 29, 2020

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Stock News in Focus: Trecora Resources (NYSE:TREC)

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Shares of Trecora Resources (NYSE:TREC) were transacted with a volume of 80401 shares in last trading period as compared to its average volume of 45.61K shares over last three months period. The stock price scored -0.33% and valued at $9.2.

Trecora Resources a USA based Company, belongs to Basic Materials sector and Chemicals – Major Diversified industry. Shares of the company returned 1.21% during the last five trading days and it returned 0.33% in past 30 trading days. It changed 11.25% over recent three months. The stock has changed -34.05% in one year period and YTD Performance clocked at 17.95%.

Trecora Resources (NYSE:TREC) notified that Adam Peakes and Janet Roemer have been appointed as independent directors to the Board of Directors of the Company, effective today. Mr. Peakes will serve as a member of the Audit and Compensation Committees. Ms. Roemer will serve as a member of the Nominating and Governance and Audit Committees. Joseph Palm will not stand for re-election at the upcoming Annual Stockholders’ Meeting in accordance with the Company’s governance requirements regarding the maximum age of Directors.

Karen A. Twitchell, Chair of the Board of Trecora Resources said “We are excited to add the important and complementary perspectives of these new Board members”. “Adam brings financial and capital markets experience that will enhance our strategic decision-making as we transition to a stage of significant cash flow generation, and Janet led the transformation of multiple chemical businesses which is particularly relevant to Trecora’s current operational focus. I am happy to welcome them both to the Trecora Resources Board, and I look forward to their contributions to our efforts to maximize shareholder value.”

Mr. Peakes has more than 20 years of finance and investment banking experience in various natural resources industries including his current role as Chief Financial Officer for Noble Corporation, where he is responsible for the accounting, treasury, tax, financial planning, mergers and acquisitions and investor relations teams globally for this publicly-traded oil and gas drilling contractor. Prior to Noble, Mr. Peakes spent 17 years as an investment banker with Tudor Pickering Holt & Co. and Goldman Sachs specializing in mergers and acquisitions, debt and equity financings and strategic advisory assignments for companies in the oilfield services and global natural resources sectors. He holds a Bachelor of Arts degree from Rice University and a Masters in Business Administration from Harvard Business School.

Ms. Roemer brings more than 30 years of industry experience including executive leadership roles in global petrochemicals and biochemicals. After starting her career as a chemist with National Starch & Chemical, she had a 24 year career with Amoco and BP Group where she held a wide variety of positions with increasing responsibilities, including General Manager, Vice President Digital Business, Business Unit Leader and Chief of Staff to the CEO of Innovene. She most recently served as Chief Operating Officer of Verenium Corporation. Ms. Roemer has a breadth of operational experience including leadership roles in sales and marketing, customer service and logistics, strategic planning, manufacturing, capital projects, R&D and IT. Ms. Roemer holds a Bachelor of Science degree in Chemistry from Miami University and a Masters of Business Administration from the University of Chicago.

The price moved ahead 1.67% from the mean of 20 days, 0.77% from 50 and separated -17.42% from 200 days average price. Its price volatility for a month is at 3.53% and for a week, volatility remained at 3.31%. It beta stands at 1.48. Company’s price to sales ratio for last 12 months was 0.78 while its price to book ratio for the most recent quarter was 1.22. Its Market Cap valued at $225.86M.

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