Gulf Resources (NASDAQ:GURE) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Gulf Resources, Inc. (NASDAQ:GURE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.67 and traded as high as $0.83. Gulf Resources shares last traded at $0.81, with a volume of 27,261,701 shares trading hands.

Gulf Resources Trading Up 35.0%

The company has a 50 day moving average of $0.66 and a 200 day moving average of $0.67. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $10.81 million, a price-to-earnings ratio of -0.15 and a beta of 0.24.

Gulf Resources (NASDAQ:GURE) last announced its quarterly earnings results on Tuesday, May 13th. The specialty chemicals company reported ($0.40) EPS for the quarter. The company had revenue of $1.60 million during the quarter. Gulf Resources had a negative net margin of 748.70% and a negative return on equity of 38.45%.

About Gulf Resources

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People’s Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.