Streetbeat News

GURE

Gulf Resources, Inc.

https://www.gulfresourcesinc.com

Industry

Chemicals - Specialty

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. It provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The company also offers crude salt for use as a material in alkali and chlorine alkali production; and for use in the chemical, food and beverage, and other industries. In addition, it manufactures and sells chemical products for use in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking chemical agents, and inorganic chemicals, as well as materials that are used for human and animal antibiotics. The company is based in Shouguang, the People's Republic of China.

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Gulf Resources shares declined following a Nasdaq listing notice due to a delayed Q2 filing.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 7:22 pm

Gulf Resources has received a notice from Nasdaq due to the late filing of its Q2 2024 10-Q report. The company is required to submit an updated compliance plan by September 4, 2024, to avoid potential delisting.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:16 pm

Gulf Resources, Inc. (NASDAQ:GURE) shares are down 10.4% to $1.08 after announcing the acquisition of crude salt fields in China. The deal involves a $38.6 million investment, with 80% paid in cash and 20% in company shares. The acquisition aims to boost bromine production by 2025.

Portfolio Pulse from Henry Khederian

July 05, 2024 | 3:15 pm

Gulf Resources shares are trading higher following the company's announcement of agreements to acquire crude salt fields.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:49 pm

Gulf Resources has signed agreements to acquire crude salt fields for a total price of $38,619,257. This acquisition is expected to enhance the company's resource base and potentially improve its financial performance.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:31 pm

Gulf Resources, Inc. (NASDAQ:GURE) has received a non-compliance notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. This puts the company in violation of Nasdaq's continued listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:56 pm

Gulf Resources, Inc. (GURE) received a Nasdaq non-compliance notice for not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, on time. The company has until June 17, 2024, to file the report or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to October 14, 2024, for compliance. Failure to comply may result in delisting. Gulf Resources aims to file the report by June 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 8:41 pm

Gulf Resources, Inc. (GURE) provided an update on the Yuxin Chemical factory, indicating a delay in ordering remaining equipment due to the weak Chinese economy, particularly in the housing market which significantly consumes bromine. The company is exploring other market segments, including pharmaceuticals and sodium-ion batteries, as potential areas for growth. GURE is also monitoring geopolitical tensions in the Middle East, which could impact global bromine markets. The company is considering the production of sodium-ion batteries as a future direction, depending on the economic situation.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 1:36 pm

Gulf Resources, Inc. (GURE) has been instructed by the government of Shouguang City to temporarily close its bromine and crude salt facilities from December 25, 2023, to February 20, 2024. This closure is part of the government's efforts to reduce winter air pollution and improve brine resource efficiency. The closure will result in a temporary halt in production, with an additional 15 days of production in Q4 2023 compared to the previous year, but a loss of 19 days in Q1 2024. The company notes that bromine sales typically slow in winter due to the Chinese New Year holidays.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:33 pm

The article lists the top 5 oversold materials stocks with potential for growth in November, based on their low Relative Strength Index (RSI) values. United States Antimony Corporation (UAMY), Northern Technologies International Corporation (NTIC), Gulf Resources, Inc. (GURE), Millennium Group International Holdings Limited (MGIH), and Sibanye Stillwater Limited (SBSW) are identified as major oversold players in the sector, with RSI values near or below 30, indicating they may be undervalued.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 1:14 pm

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