DALLAS, June 22, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Gulf Resources Inc. (Nasdaq:GFRE). The report includes the company's diverse operations and product applications, its most recent news, as well as comparative and technical analysis.
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Gulf Resources Inc. (GFRE) manufactures and trades bromine, crude salt and specialty chemical products for manufacturing industries and in agriculture in China. The Company operates through its two wholly owned subsidiaries; Shouguang City Haoyuan Chemical Co. Ltd and Shouguang Yuxin Chemical Industry Co. Ltd. The Company's chemical products are currently utilized in a variety of applications, including oil & gas field exploration, papermaking chemical agents, wastewater treatment chemicals, and inorganic chemicals, such as industrial refrigeration chemicals. The Company has also developed proprietary pharmaceutical intermediary products that await commercialization. To date, GFRE's products have been sold only within the People's Republic of China.
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In the report, the analyst notes:
"GFRE shares gained almost 23% to close Tuesday at $3.55. Approximately 1.36 million shares have traded hands during the session, versus the 10-day average volume of 913.33K. The stock has so far reached a 52-week high of $11.95, its 52-week low being $2.30. GFRE is currently trading its 50-day moving average of $3.20 and below its 200-day moving average of $7.06. Market capitalization currently stands at $123.31 million and it has 34.74 million outstanding shares."
"The Company last week said its Shouguang Yuxin Chemical Industry Co. Ltd. subsidiary terminated its cooperation agreement with East China University of Science and Technology on June 7, 2011. It said the decision was mutual and due to a successful completion of cooperative research and development tasks by both parties."
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