This is the 1st VOLUME alert for GFRE in the past 7 calendar days.
Trading for Gulf Resources, Inc (OTCBB: GFRE) has been heavier than usual in today's session. By 16:00 ET, the stock had already traded 102,944 shares via 70 trades. The cumulative volume is 115.03% above its 20-day average of 47,875. Normally the stock experiences around 32 individual trades per session.
So far, today's volume surge has caused a net decline in GFRE's stock price. At the time of this alert, the stock was trading at $2.720, down $-0.030 (-1.09%).
One year ago, the Company's shares closed at $0.725. The price has gained more than 275 percent since then.
Over the last 10 trading session GFRE has traded in a range between $2.390 and $3.000 and is currently trading 9.33% below its 52-week high of $3.000 set on December 31,2007 and 275.17% above its 52-week low of $0.725 from January 11,2007.
In the previous 3 sessions, GFRE trading has displayed a mixed trend. Closing results have been as follows:
January 03, 2008 --- closed at $2.750 up $0.040 (+1.48%) on 77,130 sharesJanuary 02, 2008 --- closed at $2.710 down $0.090 (-3.21%) on 19,670 sharesDecember 31, 2007 --- closed at $2.800 down $0.050 (-1.75%) on 36,270 shares
The Company has not released news in the past 30 days
GULF RESOURCES, INCSCHC is engaged in manufacturing and trading Bromine and Crude Salt in China and SYCI manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.
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