Potash is taking its time to jump aboard the commodity rebound. The most recent deal for potash was settled between Canpotex and China to sell the crop nutrient for $370 per tonne, just $20 per tonne more than what the crop nutrient was fetching six months ago.
The rapid rebound in American demand has boosted potash. The US was late to jump on board to the recovery, but when it did, it came with impressive speed.
Intrepid Potash Inc. is the leading producer of potash in the U.S. and is dedicated to the production and marketing of potash and langbeinite another mineral containing potassium. For full story, click here
Fertilizer maker Intrepid Potash Inc posted a 24 percent dip in second-quarter profit, hurt by lower demand. Chief Executive Bob Jornayvaz stated: Potash sales volumes continue to be at reduced levels as dealers showed greater hesitancy to refill their inventories and to take on price risk during the second quarter. For full story, click here
Intrepid Potash has lead the list of top losers so far today and is now at $23.36, down $2.17 on volume of 3,826,575 shares traded. Over the last 52 weeks the stock has ranged from a low of $13.80 to a high of $62.23. Intrepid Potash stock has been showing support around $24.20 and resistance [...]
Intrepid Potash, Inc. has scheduled to release second quarter 2009 financial results after the market close on August 6, 2009. The teleconference call to discuss second quarter 2009 results is scheduled for August 7, 2009, at 7:30 a.m. MDT. For full story, click here
Intrepid Potash has opened at $26.98. So far today, the stock has hit a low of $26.75 and a high of $27.82. IPI is now trading at $27.48, up $1.19. For full story, click here
Soleil Securities reiterates a ‘Sell’ on Intrepid Potash, surged price target from $20 to $22. For full story, click here
Intrepid Potash Inc. gapped open higher Monday, but has traded in a range for the bulk of early trade. The stock has increased further in the last few minutes and is now up 1.62 at $34.22. For full story, click here
Intrepid Potash was downgraded at Soleil and the stock is now at $27.05, down $0.90 on volume of 971,830 shares traded. The brokerage downgraded the stock to Sell from Hold. For full story, click here
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