Gulf Resources Inc [NASDAQ: GURE] gained 35.00% or 0.21 points to close at $0.81 with a heavy trading volume of 27160175 shares.
It opened the trading session at $0.7123, the shares rose to $0.8299 and dropped to $0.6206, the range by which the price of stock traded the whole day. The daily chart for GURE points out that the company has recorded 30.65% gains over the past six months.
If we look at the average trading volume of 356.19K shares, GURE reached to a volume of 27160175 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Gulf Resources Inc [GURE]:
The Average True Range (ATR) for Gulf Resources Inc is set at 0.06, with the Price to Sales ratio for GURE stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.64.
Trading performance analysis for GURE stock
Gulf Resources Inc [GURE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.65. With this latest performance, GURE shares gained by 24.62% in over the last four-week period, additionally plugging by 30.65% over the last 6 months – not to mention a drop of -44.90% in the past year of trading.
Gulf Resources Inc [GURE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Gulf Resources Inc [GURE] shares currently have an operating margin of -153.96% and a Gross Margin at 18.83%. Gulf Resources Inc’s Net Margin is presently recorded at -748.55%.
Return on Equity for this stock declined to -30.74%, with Return on Assets sitting at -30.74%.
An analysis of Institutional ownership at Gulf Resources Inc [GURE]
The top three institutional holders of GURE stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 0.16 million shares, which is approximately 1.5816%. BRIDGEWAY CAPITAL MANAGEMENT, LLC, holding 0.13 million shares of the stock with an approximate value of $$0.13 million in GURE stocks shares; and BRIDGEWAY CAPITAL MANAGEMENT, LLC, currently with $$30423.0 in GURE stock with ownership which is approximately 0.2831%.
