SHOUGUANG, China (AP) _ Gulf Resources Inc. (GURE) on Wednesday reported a loss of $3.5 million in its first quarter.
On a per-share basis, the Shouguang, China-based company said it had a loss of 37 cents.
The specialty chemicals company posted revenue of $557,700 in the period. Its adjusted revenue was $558,000.
Gulf Resources shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.13, a decrease of slightly more than 9% in the last 12 months.