Gulf Resources provides business update on bromine segment
Bromine Segment Financial Performance: Gulf Resources reported a net loss of $8,200,236 in its bromine segment for 2024, with revenues of $5,549,815, primarily due to significantly depressed bromine prices and a 71.7% drop in sales volume.
Market Conditions Impact: The average bromine price fell by 27.1% from 2023 and 67.3% from 2022, leading the company to reduce sales, which resulted in an 83.4% increase in cost per tonne as fixed costs were spread over a smaller production base.
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Meihua International Medical Technologies, Fly-E Group, and Other Major Stocks Decline in Pre-Market Trading on Monday
U.S. Stock Futures: U.S. stock futures showed mixed results, with Dow futures down approximately 0.1% on Monday morning.
Meihua International Medical Technologies: Shares of Meihua International Medical Technologies fell 32.9% in pre-market trading after the announcement of its delisting from Nasdaq.
Other Notable Stock Movements: Several other stocks experienced significant declines in pre-market trading, including SMX down 17.2%, Gulf Resources down 16.1%, and Wheeler Real Estate down 16.1%.
Market Reactions: The market saw various stocks decline after previous gains, with Fly-E Group and Ecarx Holdings also reporting notable drops due to regulatory issues and market fluctuations.
Confluent Shares Surge Nearly 32%; Check Out 20 Stocks Making Moves in Premarket Trading
Confluent Acquisition Talks: IBM is reportedly in advanced discussions to acquire Confluent Inc for approximately $11 billion, leading to a 31.8% rise in Confluent's shares during pre-market trading.
Pre-Market Stock Movements: Several stocks saw significant gains in pre-market trading, including Treasure Global Inc (+128%), Cemtrex Inc (+106.8%), and Fulcrum Therapeutics Inc (+40.4%).
Notable Stock Declines: Stocks that experienced declines include Polyrizon Ltd (-22.1%), Inspire Veterinary Partners Inc (-19.1%), and Gauzy Ltd (-19.1%).
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with their respective percentage changes.
