Gulf Resources (NASDAQ:GURE) Trading Down 6.9%
Gulf Resources, Inc. (NASDAQ:GURE)’s share price dropped 6.9% on Monday . The company traded as low as $0.95 and last traded at $0.95. Approximately 200 shares were traded during trading, a decline of 99% from the average daily volume of 17,575 shares. The stock had previously closed at $1.02.
The stock has a 50-day moving average of $1.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 34.88 and a quick ratio of 34.88.
Gulf Resources (NASDAQ:GURE) last announced its quarterly earnings results on Monday, May 13th. The specialty chemicals company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.04 million for the quarter. Gulf Resources had a negative return on equity of 4.94% and a negative net margin of 906.23%.
Gulf Resources, Inc, through its subsidiaries, manufactures and trades in bromine, crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.
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