Gulf Resources (NASDAQ:GURE) Stock Price Passes Above 200-Day Moving Average of $1.46

Gulf Resources, Inc. (NASDAQ:GURE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.54. Gulf Resources shares last traded at $1.52, with a volume of 19,535 shares.

Gulf Resources Price Performance

The company’s 50-day moving average is $1.36 and its 200-day moving average is $1.46.

Institutional Trading of Gulf Resources

An institutional investor recently bought a new position in Gulf Resources stock. Cable Hill Partners LLC acquired a new position in shares of Gulf Resources, Inc. (NASDAQ:GURE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 63,000 shares of the specialty chemicals company’s stock, valued at approximately $118,000. Cable Hill Partners LLC owned approximately 0.60% of Gulf Resources at the end of the most recent quarter. Institutional investors and hedge funds own 3.28% of the company’s stock.

Gulf Resources Company Profile

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.