Gulf Resources, Inc. (NASDAQ:GURE) Director Ming Yang Acquires 661,648 Shares
Gulf Resources, Inc. (NASDAQ:GURE) Director Ming Yang bought 661,648 shares of Gulf Resources stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $0.72 per share, for a total transaction of $476,386.56. Following the completion of the acquisition, the director now directly owns 3,173,848 shares in the company, valued at $2,285,170.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
GURE traded up $0.02 during trading on Friday, reaching $0.76. 11,001 shares of the company’s stock were exchanged, compared to its average volume of 36,206. Gulf Resources, Inc. has a one year low of $0.65 and a one year high of $1.48. The company has a current ratio of 5.30, a quick ratio of 5.28 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $1.04.
Gulf Resources (NASDAQ:GURE) last posted its earnings results on Wednesday, August 14th. The specialty chemicals company reported ($0.02) earnings per share for the quarter. The business had revenue of $6.01 million for the quarter.
Gulf Resources Company Profile
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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