In trading on Thursday, shares of Intrepid Potash Inc (NYSE: IPI) crossed below their last reported book value — defined as common shareholder equity per share — of $12.22, changing hands as low as $12.04 per share. Intrepid Potash Inc shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of IPI shares, versus its 50 and 200 day moving averages:
Click here to find out which 9 other stocks recently crossed below their book value »
Looking at the chart above, IPI's low point in its 52 week range is $12.04 per share, with $24.70 as the 52 week high point — that compares with a last trade of $13.03.
According to the ETF Finder at ETF Channel, IPI makes up 3.84% of the Fertilizers/Potash ETF (AMEX: SOIL)which is trading higher by about 0.7% on the day Thursday.
