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Gulf Resources Inc - GURE STOCK NEWS

Welcome to our dedicated news page for Gulf Resources (Ticker: GURE), a resource for investors and traders seeking the latest updates and insights on Gulf Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gulf Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gulf Resources's position in the market.

News
Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice
Rhea-AI Summary
Gulf Resources, Inc. received a notice of non-compliance from Nasdaq due to the delayed filing of its Annual Report on Form 10-K for 2023. The company has until June 17, 2024, to file the report or submit a compliance plan to avoid delisting from Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
none
-
News
Gulf Resources Announces Change in Independent Auditors
Rhea-AI Summary
Gulf Resources, a leading manufacturer in China, announced a change in independent auditors from WWC to GGF CPA The transition was smooth, with no disagreements or reportable events with the former auditor. GGF is a well-established firm with global presence, and the Company aims to swiftly complete its financial reports for 2023 and Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
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News
Gulf Resources Provides Update on the Yuxin Chemical Factory
Rhea-AI Summary
Gulf Resources, Inc. provides an update on the Yuxin Chemical factory, delaying equipment delivery due to weak Chinese economy. The company explores new market segments like pharmaceuticals and sodium-ion batteries for potential profits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
none
News
Gulf Resources Announces the Completion of the Flood Prevention Project
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq: GURE) completed a $50 million flood prevention project to protect its bromine facilities, expecting cost savings and enhanced utilization. The project aims to mitigate future storm-induced flooding and allow drilling in low-lying areas, potentially increasing utilization rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.25%
Tags
none
-
News
Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq: GURE) announces temporary closure of bromine and crude salt facilities in Shouguang City from December 25, 2023, to February 20, 2024, impacting production and sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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News
Gulf Resources Announces Management Sale of Shares
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq: GURE) announced that three members of management entered into an equity interest transfer agreement to sell 110,000 shares of common stock to a local Chinese investor for $2.50 per share. The Company and its executive officers also returned cash compensation earned in 2021 due to the Company's recent poor performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
none
News
Gulf Resources Reports Unaudited Financial Results for Three and Nine Months Ended September 30,2023
Rhea-AI Summary
Gulf Resources (NASDAQ:GURE) announced a 74% decline in sales and a net loss after tax of $1,775,797 for the third quarter of 2023. The decrease in net revenues was primarily due to a 43% reduction in the volume of tonnes sold and a 57% decrease in the average selling price. The company incurred direct labor and factory overheads amounting to $1,007,689 during plant shutdowns. The net loss per share was ($0.17*). The company's revenues over the 9 months declined by 51%, decreasing to $23,173,404 from $47,505,246. The gross profit margin decreased to 7%, down from 57%. The company generated $9,869,612 from operating activities and invested $15,197,648 primarily in their flood protection program. As of September 30, 2023, the company's cash balance was $103,774,977, with a net cash of $85,605,432. Shareholders’ equity was $260,723,332 or $24.99* per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.77%
Tags
earnings
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News
Gulf Resources Announces Conference Call to Discuss its Third Quarter 2023 Results
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq:GURE) to Host Conference Call to Discuss Third Quarter 2023 Results. CEO Xiaobin Liu to Lead the Call. Investors Can Participate via Phone or Webcast. Replay Available Until November 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
Tags
earnings
-
News
Gulf Resources Announces Its Flood Prevention Plan
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq:GURE) announces preventive measures for safeguarding its bromine facilities in Shouguang City, China, following the devastating impact of Typhoon Winbiya and Typhoon Lekima. The company incurred substantial expenses exceeding $40 million and $6 million, respectively, for rectifying the aftermath of the typhoons. To mitigate similar damages in the future, Gulf Resources has commenced a flood prevention initiative involving the renovation of major rivers, with a projected expenditure of $50,497,652. As of September 30, 2023, $15,149,296 has been disbursed for the initial phase of the project.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
none
News
Gulf Resources Announces Management Changes
Rhea-AI Summary
Gulf Resources, Inc. (Nasdaq:GURE) recently disclosed proposed management changes in a Form 8-K filed with the SEC. The changes include the resignation of the Chairman of the Board of Directors, Min Yang, and the election of Xiaobin Liu, Chief Executive Officer, as the new Chairman. Tengfei Zhang, a member of the Board, also resigned from his positions. The Company has nominated a director candidate to fill the vacancy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.05%
Tags
management
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Gulf Resources Inc

Nasdaq:GURE

GURE Rankings

#5227 Ranked by Market Cap
#4688 Ranked by Stock Gains
N/A Ranked by Dividends

GURE Stock Data

14.81M
6.80M
34.81%
3.37%
0.17%
Other Chemical and Fertilizer Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
China (Mainland)
Weifang