Shares of Intrepid Potash Inc (NYSE:IPI) traded today at $88.40, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 392,000 shares traded hands, while the average 30-day volume is approximately 552,000 shares.
In the past 52 weeks, shares of Intrepid Potash Inc have traded between a low of $22.82 and a high of $88.40 and is now at $87.45, which is 283% above that low price.
Intrepid Potash Inc (NYSE:IPI) is currently priced 8.3% above its average consensus analyst price target of $80.19.
Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm’s production facilities.
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