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.

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC grew its holdings in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 253.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,060 shares of the specialty chemicals company’s stock after purchasing an additional 30,155 shares during the quarter. Citadel Advisors LLC owned about 0.09% of Gulf Resources worth $41,000 at the end of the most recent reporting period. 6.87% of the stock is owned by institutional investors.

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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