Gulf Resources(NASDAQ:GURE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 17, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.13.
Gulf Resources (GURE) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -5.24% at a volume of 1,83,126. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.93. The peak price level was also seen at $1.93 while the days lowest was $1.78. Finally the shares closed at $1.81. The 52-week high of the shares is $2.75 while the 52-week low is $1.38. According to the latest information available, the market cap of the company is $85 M.
Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Shitong Jiang (director) sold 6,740 shares at $1.77 per share price.Also, On Nov 25, 2015, Nan Li (director) sold 10,001 shares at $1.70 per share price.
Gulf Resources Inc. is a holding company. The Company manufactures and trades bromine and crude salt and manufacture and sells chemical products used in oil and gas field exploration oil and gas distribution oil field drilling wastewater processing papermaking chemical agents and inorganic chemicals. It operates in three segments: bromine crude salt and chemical products. Bromine is commonly used in brominated flame retardants fumigants water purification compounds medicines and disinfectants. Crude salt is the principal material in alkali production as well as chlorine alkali production and is used in the chemical food and beverage and other industries. Its Chemical products include Hydroxyl guar gum Demulsified agent Corrosion inhibitor for acidizing Bactericide Iron ion stabilizer Flocculants agent Bromopropane Solid lubricant Polyether lubricant and Chlorantraniliprole. Its applications include oil exploration and production paper making and agricultural.