Gulf Resources (GURE) Stock Drops Amid Industry Volatility

Author's Avatar
Dec 03, 2024

Gulf Resources (GURE, Financial) experienced a significant stock decline, dropping 5.10% to $0.512 per share. The trading volume was 13,561 shares, with a turnover rate of 0.13% and a price fluctuation of 8.39%. Recent financial reports indicate revenue of $2.24 million, a net loss of $3.49 million, and earnings per share of -$0.33. The gross profit stood at -$2.03 million, with a price-to-earnings ratio of -0.06. Currently, no institutional ratings are available for this stock.

In the chemical products sector, the overall decline was 1.06%. Notable movements included Origin Materials and Huntsman Materials with significant gains, while Asp Isotopes and Celanese showed active trading. Stocks with high volatility included Origin Materials and Rex American Resources.

Gulf Resources is a holding company involved in the production and trading of bromine, crude salt, and natural gas, primarily serving the bromine segment, which is used in various industrial applications.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.