A Director at Intrepid Potash (IPI) is Buying Shares

Yesterday, a Director at Intrepid Potash (IPI), Hugh Harvey, bought shares of IPI for $64.5K.

Following Hugh Harvey’s last IPI Buy transaction on March 23, 2017, the stock climbed by 1.6%.

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Based on Intrepid Potash’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $62.51 million and quarterly net profit of $5.61 million. In comparison, last year the company earned revenue of $51.01 million and had a GAAP net loss of $958K. Currently, Intrepid Potash has an average volume of 485.83K. IPI’s market cap is $428.9M and the company has a P/E ratio of 18.70.

The insider sentiment on Intrepid Potash has been positive according to 38 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Intrepid Potash, Inc. engages in the production and marketing of potash and langbeinite products. It operates through Potash, oilfield solutions and Trio segments.

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