10:31 AM EDT, 07/08/2024 (MT Newswires) -- Gulf Resources ( GURE ) said Monday it has received a letter from Nasdaq granting it an extension until Oct. 14 to regain compliance with the stock exchange's listing rules.

The company said it previously received letters from Nasdaq informing it that it wasn't in compliance with the rules because it had not filed its annual report for year ended Dec. 31 and quarterly report for the three months ended March 31.

Gulf and its auditor have been working to complete the 2023 year-end audit, the annual report, as well the quarterly reports for Q1 and Q2 2024, the company said.

Gulf Chief Executive Xiaobin Liu said the company expects to have the reports filed by the exchange's deadline.

The company's shares were down 7.9% in recent trading.

Price: 1.05, Change: -0.09, Percent Change: -7.89