Diversified energy company American Energy Partners Inc (OTCMKTS:AEPT) has not had a great time in the markets in the past few days and has seen its stock go down by as much as 11% during the period.
Market Reaction
On Monday, AEPT stock moved down 1.43% to $0.1380 with 548 shares, compared to its average volume of 11k shares. The stock moved within a range of $0.1310 – 0.1380 after opening trade at $0.1310.
American Energy Announces Nicholas S. Haden as Its Chief Commercial Officer
As a matter of fact, the company was actually in the news yesterday after it made a key announcement with regards to a latest appointment. American Energy Partners appointed a new Chief Commercial Officer yesterday in the form of Nicholas Haden. The appointment went into effect yesterday. In this situation, it could be a good idea for investors to possibly take a look at the credentials of Haden and then make up their minds.
Haden is an accomplished professional who commands experience of more than three decades in government relations, business development and marketing across a wide range of sectors. In addition to that, he has also been a successful entrepreneur.
He had founded, developed and eventually sold his own energy utility company to one of the bigger utility companies. It is an appointment that could well prove to be a significant boost to American Energy Partners in the long run. It remains to be seen how investors react today.
Key Quote
American Energy’s CEO Brad Domitrovitsch stated, “We couldn’t think of an individual more qualified than Mr. Haden to oversee the development and commercial implementations of our Company. Nick has an extensive history of delivering impressive results and we are very pleased to welcome him aboard.”
Traders Review
AEPT stock is trading above the 50-Day and 200-Day Moving averages of $0.13 and $0.13 respectively. However, the stock is trading below the 20-Day moving average of $0.15.
