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

Gulf Resources, Inc. (NASDAQ:GURE) shares 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 changing hands.

Gulf Resources Price Performance

The firm has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.46.

Institutional Trading of Gulf Resources

A hedge fund recently bought a new stake in Gulf Resources stock. Cable Hill Partners LLC bought a new stake in Gulf Resources, Inc. (NASDAQ:GURE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 reporting period. Institutional investors and hedge funds own 3.28% of the company’s stock.

About Gulf Resources

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.