NEW YORK (

TheStreet

) --

Gulf Resources

(Nasdaq:

GFRE

) is trading at unusually high volume Tuesday with 3.4 million shares changing hands. It is currently at 5.3 times its average daily volume and trading down $1.41 (-36.6%) at $2.44 as of 9:56 a.m. ET.

Gulf has a market cap of $145.5 million and is part of the

basic materials

sector and

chemicals

industry. Shares are down 56.4% year to date as of the close of trading on Monday.

Gulf Resources, Inc. and its subsidiaries manufacture and trade in bromine and crude salt, as well as manufacture chemical products for use in the oil industry and paper manufacturing industry in the People's Republic of China. The company has a P/E ratio of 2.8, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 16.7.

TheStreet Ratings rates Gulf as a

TheStreet Recommends

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Gulf Ratings Report

.

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