Where Will Gulf Resources, Inc. (GURE) Stock Go Next After It Is Up 2.61% in a Week?

Gulf Resources, Inc. (GURE) stock has gained 2.61% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Gulf Resources, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GURE!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GURE Stock Today?

Gulf Resources, Inc. (GURE) stock is trading at $2.75 as of 12:37 PM on Tuesday, May 2, a drop of -$0.01, or -0.36% from the previous closing price of $2.76. Volume today is elevated. So far 55,270 shares have traded compared to average volume of 17,165 shares. The stock has traded between $2.72 and $2.93 so far today.

More About Gulf Resources, Inc.

Our major business is the production of bromine and crude salt. Four of our factories are currently in operation. Another 3 factories are awaiting approval from the government. We sell a substantial portion of our bromine and crude salt products to the industry customers located in Shandong province. Historically, we have also sold bromine products to our chemical subsidiary, SYCI. Our chemical products subsidiary has traditionally supplied products for pharmaceuticals, oil and gas exploration and papermaking industries throughout China. We were forced to close our chemical factories for environmental reasons and are now completing a new chemical factory. We are installing equipment and will begin test, trial and then full production as soon as possible. Our natural gas and brine facilities in Daying County of Sichuan Province are also temporarily closed while the province completes its environmental plans. We have discovered high levels of natural gas and brine in Sichuan. Click Here to get the full Stock Report for Gulf Resources, Inc. stock.