In today’s recent session, 22.44 million shares of the Gulf Resources Inc (NASDAQ:GURE) have been traded, and its beta is 0.23. Most recently the company’s share price was $0.67, and it changed around $0.07 or 11.67% from the last close, which brings the market valuation of the company to $8.94M. GURE at last check was trading at a discount to its 52-week high of $1.65, offering almost -146.27% off that amount. The share price’s 52-week low was $0.50, which indicates that the recent value has risen by an impressive 25.37% since then. We note from Gulf Resources Inc’s average daily trading volume that its 10-day average is 24340.0 shares, with the 3-month average coming to 356.19K.
Gulf Resources Inc (NASDAQ:GURE) trade information
Instantly GURE has been showing a green trend so far today with a performance of 11.67% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7123 on recent trading dayincreased the stock’s daily price by 5.94%. The company’s shares are currently up 18.06% year-to-date, but still up 8.06% over the last five days. On the other hand, Gulf Resources Inc (NASDAQ:GURE) is 3.08% up in the 30-day period. We can see from the shorts that 0.37 million shares have been sold at a short interest cover period of 7.37 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.05%.
GURE Dividends
Gulf Resources Inc’s next quarterly earnings report is expected to be released in July.
Gulf Resources Inc (NASDAQ:GURE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.92% of Gulf Resources Inc shares, and 1.62% of them are in the hands of institutional investors. The stock currently has a share float of 2.35%. Gulf Resources Inc stock is held by 11.0 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.
