Gulf Resources Inc. (GURE, Financial) experienced a significant stock drop, plummeting by 5.15%. The stock is now trading at $0.920 per share with a trading volume of 8,279 shares and a turnover rate of 0.08%. The stock also had a price fluctuation amplitude of 4.14%.
Recent financial reports show that Gulf Resources generated a revenue of $30.04 million but faced a net loss of $61.80 million. The earnings per share stood at a loss of $5.92, with a gross loss of $2.16 million, resulting in a price-to-earnings ratio of -0.16. Currently, no institutions have issued a "buy," "hold," or "sell" rating for the stock.
The broader chemical products industry, where Gulf Resources operates, has seen a slight decline of 0.14%. However, some stocks within the industry, such as Asp Isotopes Inc. and AdvanSix Inc., have witnessed notable gains. Asp Isotopes Inc. also displayed high trading activity with a turnover rate of 1.46% and a price fluctuation of 17.53%.
Gulf Resources Inc. is a holding company involved in the production and trade of bromine, crude salt, and natural gas, alongside other chemical products essential for various industries such as oilfield exploration and waste treatment. The company is divided into four main segments: bromine, crude salt, chemical products, and natural gas, with the bromine segment being the most lucrative.
