Gulf Resources, Inc. (NASDAQ:GURE) COO Naihui Miao sold 166,230 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $0.72, for a total value of $119,685.60. Following the transaction, the chief operating officer now owns 90,575 shares in the company, valued at approximately $65,214. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Gulf Resources stock traded up $0.02 during mid-day trading on Friday, reaching $0.76. 16,073 shares of the company were exchanged, compared to its average volume of 36,538. The company has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $1.04. Gulf Resources, Inc. has a 12 month low of $0.65 and a 12 month high of $1.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.30 and a quick ratio of 5.28.
Gulf Resources (NASDAQ:GURE) last posted its quarterly earnings data on Wednesday, August 14th. The specialty chemicals company reported ($0.02) EPS for the quarter. The business had revenue of $6.01 million during the quarter.
About Gulf Resources
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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