Gulf Resources (NASDAQ:GURE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Gulf Resources, Inc. (NASDAQ:GUREGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.79 and traded as high as $0.80. Gulf Resources shares last traded at $0.77, with a volume of 48,410 shares traded.

Gulf Resources Stock Performance

The stock has a market capitalization of $8.26 million, a PE ratio of -0.08 and a beta of 0.21. The business has a 50 day moving average price of $0.67 and a 200 day moving average price of $0.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.08.

Gulf Resources Company Profile

(Get Free Report)

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.

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