The stock of Gulf Resources, Inc. (NASDAQ:GURE) is a huge mover today! About 134,375 shares traded hands or 15.86% up from the average. Gulf Resources, Inc. (NASDAQ:GURE) has risen 61.33% since April 18, 2016 and is uptrending. It has outperformed by 56.90% the S&P500.
The move comes after 9 months negative chart setup for the $117.04M company. It was reported on Nov, 18 by Barchart.com. We have $1.99 PT which if reached, will make NASDAQ:GURE worth $16.39 million less.
According to Zacks Investment Research, “GULF RESOURCES, Inc. operates through two wholly-owned subsidiaries. SCHC is engaged in manufacturing and trading bromine and crude salt in China. Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. SYCI manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.”
More news for Gulf Resources, Inc. (NASDAQ:GURE) were recently published by: Reuters.com, which released: “BRIEF-Gulf Resources Inc – “We believe we will begin production on first w…” on August 10, 2016. Globenewswire.com‘s article titled: “Gulf Resources Announces Sales and Earnings Guidance for 2016” and published on May 18, 2016 is yet another important article.
GURE Company Profile
Gulf Resources, Inc., incorporated on February 28, 1989, is a holding company. The Firm makes and trades bromine and crude salt; makes and sells chemical products used in gas and oil field exploration, gas and oil distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and makes and sells materials for human and animal antibiotics. The Firm operates in three divisions: bromine, crude salt and chemical products.
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