Gulf Resources (GURE +9.9%) pops after saying it's discovered underground brine water resources in Daying County, Sichuan Province, after more than a half year of drilling. Brine is used for bromine and crude salt extraction, and the discovered resource is six to seven times higher in bromine concentration than its industry average.
Gulf Resources (GURE +13%) pops after saying it's submitted an 8-K filing that verifies three local government agencies have validated the company's market leadership, number of facilities and 2010 production volume.
Wall Street Bean's Danny Miller takes a flier on three speculative Chinese companies: China Sky One Medical (CSKI), Gulf Resources (GURE) and Telestone Technologies (TSTC). All three appear to sport strong fundamentals in the Bean screen, Miller says, but he cautions readers: "When one dances with dragon, one gets burned by dragon."