China Agritech and Gulf Resources followed this pattern to the letter and uplisted in September and October, respectively. I dabbled in China Agritech, but I was turned off when I could not secure an interview in Beijing with the company's management. I live in Beijing and offered to meet the company's executives and tour their facilities at a date and time convenient for them, because I was very bullish on the stock. I did get a bit of email from the company, but I was never able to get a close look at the management or operations. Thus, I didn't dive in with the big bucks. The company may still have further upside potential, but I don't see myself investing in its shares until I get my interview and tour. If I ever do, I will be sure to post a transcript and photos here. Even after a rise of more than 1,000%, Gulf Resources still looks to be a solid investment. The company has delivered solid and consistent growth and has performed well since it being uplisted. One factor that gives me great confidence is that the company just raised $25 million in PIPE financing yet the stock barely budged even though the offering came during the less liquid preholiday weeks. Normally, I would have expected the stock to tank on such a financing, but that clearly didn't happen. I started talking about Orient Paper a few months back and have more than doubled my money on a sizeable investment since then. I fully expect to double my money again, and my medium-term target is $20, vs. the current price of about $10.
Shares of Gulf Resources (Nasdaq:GFRE) have taken a tremendous swing upward. The stock is trading at $3.47 as of 3:51 p.m. ET, 20.1% above Monday's closing price of $2.89. Volume is at one million, 0.6 times the daily average of 1.7 million.
Gulf Resources (Nasdaq:GFRE) is trading at unusually high volume Wednesday with 5.2 million shares changing hands. It is currently at four times its average daily volume and trading up 19 cents (+4.5%).
Shares of Gulf Resources (Nasdaq:GFRE) were gapping up Tuesday morning with an open price 22.4% higher than Monday's closing price. The stock closed at $3.03 yesterday and opened today's trading at $3.71.