Intrepid Potash, Inc. (IPI) Files Form 4 Insider Buying : Robert P Iii Jornayvaz Buys 338,761 Shares

Intrepid Potash, Inc. (IPI): Robert P Iii Jornayvaz , CEO of Intrepid Potash, Inc. purchased 338,761 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.29 per share for a total value of $437,001.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 4, 2016, Robert P Iii Jornayvaz (CEO) purchased 461,614 shares at $0.94 per share price.

Intrepid Potash: On Tuesday, May 10, 2016 heightened volatility was witnessed in Intrepid Potash which led to swings in the share price. The shares opened for trading at $0.9895 and hit $1.18 on the upside , eventually ending the session at $1.11, with a gain of 18.22% or 0.1711 points. The heightened volatility saw the trading volume jump to 21,86,899 shares. The 52-week high of the share price is $12.87 and the company has a market cap of $84 M . The 52-week low of the share price is at $0.65.

Intrepid Potash Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intrepid Potash is Upgraded by Credit Agricole to Outperform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 10, 2016.Intrepid Potash is Reiterated by Piper Jaffray to Neutral while Lowering the Price Target of the company shares to $ 1 from a previous price target of $2.50 . The Rating was issued on Mar 1, 2016.

Intrepid Potash Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad New Mexico a solar solution mine near Moab Utah and a solar evaporation shallow brine mine in Wendover Utah. The Company’s conventional production comes from its underground West and East mines near Carlsbad New Mexico which services the West and HB mines.

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