Cable Hill Partners buys $226,456 stake in Gulf Resources (GURE)

Gulf Resources (GURE) : Cable Hill Partners scooped up 35,147 additional shares in Gulf Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 130,147 shares of Gulf Resources which is valued at $226,456.Gulf Resources makes up approximately 0.16% of Cable Hill Partners’s portfolio.

Other Hedge Funds, Including , Cable Hill Partners boosted its stake in GURE in the latest quarter, The investment management firm added 35,147 additional shares and now holds a total of 130,147 shares of Gulf Resources which is valued at $226,456. Gulf Resources makes up approx 0.16% of Cable Hill Partners’s portfolio.Msi Financial Services Inc boosted its stake in GURE in the latest quarter, The investment management firm added 6,482 additional shares and now holds a total of 9,993 shares of Gulf Resources which is valued at $17,188.

Gulf Resources opened for trading at $1.72 and hit $1.74 on the upside on Monday, eventually ending the session at $1.71, with a gain of 0.59% or 0.01 points. The heightened volatility saw the trading volume jump to 39,250 shares. Company has a market cap of $79 M.

Gulf Resources Inc. is a holding company. The Company manufactures and trades bromine and crude salt and manufacture 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. It operates in three segments: bromine crude salt and chemical products. Bromine is commonly used in brominated flame retardants fumigants water purification compounds medicines and disinfectants. Crude salt is the principal material in alkali production as well as chlorine alkali production and is used in the chemical food and beverage and other industries. Its Chemical products include Hydroxyl guar gum Demulsified agent Corrosion inhibitor for acidizing Bactericide Iron ion stabilizer Flocculants agent Bromopropane Solid lubricant Polyether lubricant and Chlorantraniliprole. Its applications include oil exploration and production paper making and agricultural.

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