The stock of Gulf Resources (GURE, Financial) experienced significant volatility with a sharp decline of 7.14%. At the time of the report, the stock was priced at $0.650 per share with a trading volume of 12,030 shares, a turnover rate of 0.11%, and a volatility of 8.56%.
Recent financial results reported by Gulf Resources included a revenue of $2.38 million and a net loss of $33.10 million, translating to an earnings per share of -$3.09. The company also recorded a gross loss of $2.93 million, resulting in a price-to-earnings ratio of -0.07. Currently, there are no institutional recommendations for buying, holding, or selling this stock.
Within the chemical products industry, where Gulf Resources operates, the overall decline was 0.33%. Notably, stocks such as Green Plains Energy, Rayonier Advanced Materials Inc., and Origin Materials, Inc. saw significant gains, while Asp Isotopes Inc., Olin Corp., and Green Plains Energy showed active trading with turnover rates of 2.38%, 1.88%, and 0.90%, respectively.
In terms of volatility, Gulf Resources, Asp Isotopes Inc., and Tronox Holdings Plc exhibited substantial fluctuations with amplitudes of 8.56%, 7.27%, and 6.55%, respectively.
Gulf Resources is a holding company involved in the production and trade of bromine, crude salt, and natural gas. Its business also includes manufacturing and selling chemicals for oil and gas exploration, drilling, wastewater treatment, paper production, and inorganic chemicals. The company is divided into four segments: bromine, crude salt, chemical products, and natural gas, with the bromine segment generating the highest revenue. Bromine is typically used in flame retardants, fumigants, water purification compounds, dyes, pharmaceuticals, and disinfectants.
