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Stock impact report

Gulf Resources, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

Gulf Resources, Inc. (GURE) 
US:NASDAQ Investor Relations: gulfresourcesinc.com
Company Research Source: GlobeNewswire
SHANDONG, China, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") on February 11, 2020 indicating that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Rule") for continued listing on The Nasdaq Global Select Market. Accordingly, the Company has regained compliance with the Bid Price Rule and Nasdaq considers the matter closed. About Gulf Resources, Inc. Gulf Resources, Inc. operates through three wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC"), Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"), and Daying County Haoyuan Chemical Company Limited (“DCHC”). The company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufa Show less Read more
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