Gulf Resources, Inc. (NASDAQ:GURE) CFO Min Li sold 28,182 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $1.75, for a total value of $49,318.50. Following the completion of the sale, the chief financial officer now directly owns 90,575 shares of the company’s stock, valued at $158,506.25. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Gulf Resources, Inc. (NASDAQ GURE) traded up 0.57% during midday trading on Monday, reaching $1.75. The company had a trading volume of 64,463 shares. The company’s 50-day moving average is $1.84 and its 200-day moving average is $2.01. Gulf Resources, Inc. has a 52-week low of $1.42 and a 52-week high of $2.75. The firm has a market cap of $81.89 million, a P/E ratio of 2.16 and a beta of 0.59.

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About Gulf Resources

Gulf Resources, Inc is a holding company. The Company manufactures and trades bromine and crude salt; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics.

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