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Gulf Resources Inc (GURE.OQ)

GURE.OQ on NASDAQ Stock Exchange Global Select Market

0.91USD
25 Jun 2019
Change (% chg)

$0.00 (+0.00%)
Prev Close
$0.91
Open
$0.96
Day's High
$0.98
Day's Low
$0.91
Volume
4,381
Avg. Vol
6,597
52-wk High
$1.47
52-wk Low
$0.65

Latest Key Developments (Source: Significant Developments)

Gulf Resources Qtrly Loss Per Share $0.10
Tuesday, 14 May 2019 

May 13 (Reuters) - Gulf Resources Inc ::GULF RESOURCES REPORTS Q1 2019 RESULTS AND UPDATES ON RECENT DEVELOPMENTS.GULF RESOURCES INC - QTRLY LOSS PER SHARE $0.10.GULF RESOURCES INC - STILL AWAITING FINAL APPROVAL FOR OUR NEW CHEMICAL FACILITIES.GULF RESOURCES INC - EXPECT OUR CHEMICAL FACTORY TO BE OPERATIONAL BEFORE END OF 2020..GULF RESOURCES -SINCE SHANDONG PROVINCIAL GOVERNMENT ANNOUNCED CLOSING OF OVER 600 CHEMICAL FACTORIES, EXPECT OURS, WHEN IT OPENS, TO FACE LESS COMPETITION.  Full Article

Gulf Resources Announces 2018 Financial Results And Provides Management Commentary About The Future Plan Of The Company
Saturday, 16 Mar 2019 

March 15 (Reuters) - Gulf Resources Inc ::GULF RESOURCES ANNOUNCES 2018 FINANCIAL RESULTS AND PROVIDES MANAGEMENT COMMENTARY ABOUT THE FUTURE PLAN OF THE COMPANY.GULF RESOURCES - INCREASINGLY CONFIDENT THAT ALL OF REMAINING 7 BROMINE FACILITIES ARE EXPECTED TO BE APPROVED FOR REOPENING.  Full Article

Gulf Resources Says Continuing To Work With Government On Finalizing Plans For New Chemical Factory
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Gulf Resources Inc ::GULF RESOURCES PROVIDES UPDATE TO OPERATIONS.GULF RESOURCES INC - CONTINUING TO WORK WITH GOVERNMENT ON FINALIZING PLANS FOR NEW CHEMICAL FACTORY.GULF RESOURCES - CONTINUES BELIEVE CHEMICAL FACTORY WILL BE CONSTRUCTED IN 2019, WILL BEGIN OPERATIONS AT BEGINNING OF 2020.GULF RESOURCES INC - INTENT TO COMMENCE TRIAL PRODUCTION FOR NATURAL GAS BY END OF 2018.GULF RESOURCES INC - PLAN TO BE IN COMMERCIAL PRODUCTION FOR NATURAL GAS DURING 2019.GULF RESOURCES INC - FOR BROMINE AND CRUDE SALT, BELIEVES WILL COMPLETE RECTIFICATION & CLEAN-UP BY BEGINNING OF Q1 2019.  Full Article

Gulf Resources Provides Updates On Its Chemical Business
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Gulf Resources Inc ::GULF RESOURCES PROVIDES UPDATES ON ITS CHEMICAL BUSINESS.GULF RESOURCES INC - ‍ON NOV 24, CO RECEIVED LETTER FROM PEOPLE'S GOVERNMENT OF YANGKOU COUNTY, SHOUGUANG CITY​.GULF RESOURCES INC - LETTER ‍ NOTIFYING CO, DUE TO NEW STANDARDS,REGULATIONS, DECIDED TO RELOCATE CHEMICAL ENTERPRISES TO NEW INDUSTRIAL PARK​.GULF RESOURCES INC - ‍BELIEVE THE RELOCATION PROCESS WILL COST BETWEEN $50 MILLION TO $60 MILLION​.GULF RESOURCES INC - ‍WILL TAKE A WRITE-DOWN TO BOOK VALUE AFTER DETERMINING WHICH EQUIPMENT WE WILL MOVE AND WHICH WE WILL REPLACE​.GULF RESOURCES INC -"‍IN 2019, WE EXPECT TO HAVE OUR NEW CHEMICAL FACTORY BEGIN OPERATIONS​".  Full Article

Gulf Resources reports Q3 earnings per share $0.07
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Gulf Resources Inc :Gulf Resources reports third quarter 2017 financial results.Q3 earnings per share $0.07.Q3 revenue fell 39 percent to $23.84 million.Gulf Resources Inc - ‍Because factories are closed, company does not expect any revenues associated with production in Q4​.Gulf Resources Inc - ‍Company believes that its cash burn, excluding rectification costs, should not exceeding $4 million for Q4​.  Full Article

Gulf Resources expects reduced earnings for Q3 and a loss for Q4 2017​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Gulf Resources Inc :Gulf Resources provides updates on the rectification of its bromine business.Gulf Resources - ‍ company and government of Yangkou County, Shouguang City have now agreed on a plan for Haoyuan Chemicals, company's bromine business​.Gulf Resources Inc - ‍expect that bromine and chemical operations will be closed during entire Q4 of 2017​.Gulf Resources Inc - agreed on a plan for Haoyuan Chemicals which includes coal boilers should be dismantled.Gulf Resources Inc - ‍as a result operations being closed company will report reduced earnings for Q3 of 2017 and a loss for Q4 of 2017​.Gulf Resources Inc - ‍Gulf Resources would like to reiterate to investors that as of June 30, 2017, company had more than US$176 million in cash​.Gulf Resources-after rectification of bromine business is completed, County to entrust governmental supervisory departments to conduct joint inspection​.Gulf Resources-may start production again if bromine business pass inspection,otherwise production to be halted until rectification has been approved​.Gulf Resources Inc - ‍ believes rectification for all of bromine business will be completed and that operations will recommence by end of March 2018​.Gulf Resources Inc - ‍ "at this time, the government has not issued plans for company's chemical business"​.Gulf Resources Inc - ‍ believes completing all of rectification steps of its bromine business will cost approximately US$35 million​.  Full Article

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