Gulf Resources
GURE

$1.01

6.82%

Market Cap: $10.5M

About: Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures 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, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

Employees: 435

Materials Chemicals & Allied Products

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

850% more call options, than puts

Call options by funds: $19K | Put options by funds: $2K

0.25% more ownership

Funds ownership: 3.21% [Q1] → 3.46% (+0.25%) [Q2]

0% more funds holding

Funds holding: 12 [Q1] → 12 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

25% less capital invested

Capital invested by funds: $496K [Q1] → $371K (-$125K) [Q2]

67% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 3

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Research analyst outlook

We haven’t received any recent analyst ratings for GURE.

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Financial journalist opinion

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

SHOUGUANG, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on August 20, 2024, it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024, with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with the SEC. The Notice indicates that as a result of this additional delinquency, the Company must submit an update to its original plan to regain compliance with respect to the filing requirements. The Company has until September 4, 2024 to submit such update to Nasdaq.

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

Gulf Resources Receives Extension from NASDAQ to Regain Compliance

SHOUGUANG, China, July 08, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ's listing rules.

Gulf Resources Receives Extension from NASDAQ to Regain Compliance

Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields

SHOUGUANG, China, July 03, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that its wholly owned subsidiary, Shouguang Hengde Salt Industry Co. Ltd (“SHSI”), entered into a series of agreements to acquire crude salt fields for an aggregate price of RMB280,762,000 (approximately US$38,619,257 based on the current exchange rate on July 3, 2024).

Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

SHOUGUANG, China, May 22, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024 (the “Form 10-Q”), with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with the SEC.

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

SHOUGUANG, China, April 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Form 10-K”), with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with the SEC.

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

Gulf Resources Provides Update on the Yuxin Chemical Factory

SHOUGUANG, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it would like to update shareholders on the status of the Yuxin Chemical factory.

Gulf Resources Provides Update on the Yuxin Chemical Factory

Gulf Resources Announces the Completion of the Flood Prevention Project

SHOUGUANG, China, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it has completed its approximately $50 million flood prevention project recently. This project was implemented for safeguarding its bromine facilities.

Gulf Resources Announces the Completion of the Flood Prevention Project

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities

SHOUGUANG, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources" or the "Company"), today announced that it received notification from the government of Shouguang City on December 22, 2023, pursuant to which its all bromine and crude salt facilities will be temporarily closed from December 25, 2023 to February 20, 2024. To comply with such notification, the Company expects to temporarily halt production during this period.

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities

Gulf Resources Announces Management Sale of Shares

SHOUGUANG, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on December 20, 2023, three members of management of the Company, namely Xiaobin Liu (Chief Executive Officer), Naihui Miao (Chief Operating Officer) and Min Li (Chief Financial Officer), each entered into an equity interest transfer agreement, pursuant to which each agreed to sell 110,000 shares of common stock of the Company to a third party for a purchase price of $2.50 per share in a privately negotiated transaction. The transactions are anticipated to close in January 2024. The buyer is a local Chinese investor with knowledge of the bromine industry.

Gulf Resources Announces Management Sale of Shares

Top 5 Materials Stocks That May Rocket Higher In November - Gulf Resources (NASDAQ:GURE), Millennium Group Intl (NASDAQ:MGIH)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 5 Materials Stocks That May Rocket Higher In November - Gulf Resources (NASDAQ:GURE), Millennium Group Intl (NASDAQ:MGIH)

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