In the last trading session, 2.17 million shares of the Gulf Resources Inc (NASDAQ:GURE) were traded, and its beta was 0.15. Most recently the company’s share price was $0.68, and it changed around $0.03 or 4.62% from the last close, which brings the market valuation of the company to $7.30M. GURE currently trades at a discount to its 52-week high of $1.88, offering almost -176.47% off that amount. The share price’s 52-week low was $0.61, which indicates that the current value has risen by an impressive 10.29% since then. We note from Gulf Resources Inc’s average daily trading volume that its 10-day average is 0.26 million shares, with the 3-month average coming to 18.03K.
Gulf Resources Inc (NASDAQ:GURE) trade information
Instantly GURE has showed a green trend with a performance of 4.62% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7600 on recent trading dayincreased the stock’s daily price by 10.53%. The company’s shares are currently down -58.79% year-to-date, but still down -10.31% over the last five days. On the other hand, Gulf Resources Inc (NASDAQ:GURE) is -32.00% down in the 30-day period. We can see from the shorts that 31238.0 shares have been sold at a short interest cover period of 1.38 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.55%.
GURE Dividends
Gulf Resources Inc’s next quarterly earnings report is expected to be released in November.
Gulf Resources Inc (NASDAQ:GURE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 33.85% of Gulf Resources Inc shares, and 3.44% of them are in the hands of institutional investors. The stock currently has a share float of 5.21%. Gulf Resources Inc stock is held by 15.0 institutions, with RENAISSANCE TECHNOLOGIES LLC being the largest institutional investor. By 2024-06-30, it held 1.5816% of the shares, which is about 0.16 million shares worth $0.17 million.
BRIDGEWAY CAPITAL MANAGEMENT, LLC, with 1.2073% or 0.13 million shares worth $0.13 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Bridgeway Funds Inc-Ultra Small Company Fund and Bridgeway Funds Inc-Ultra Small Company Market Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 81.46 shares worth $55392.0, making up 0.76% of all outstanding shares. On the other hand, Bridgeway Funds Inc-Ultra Small Company Market Fund held roughly 42.36 shares worth around $28804.0, which represents about 0.39% of the total shares outstanding.
