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Here's Why Intrepid Potash Rose 22.4% in August

TheMotleyFool

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Here's Why Intrepid Potash Rose 22.4% in August

Shares of fertilizer producer Intrepid Potash (NYSE: IPI) soared over 22% last month after the company announced second-quarter 2017 earnings on the second day of the month. The stock popped in the next few days before sliding down. That may have been due to the fact that the second quarter performance wasn't all that great.

Nonetheless, Intrepid Potash shares resumed their climb in the last two weeks of August -- without much news -- to finish strong. That continued a year-long and much-anticipated recovery in the stock price, which has rewarded investors with 160% gains in the last year. Shares are still a far cry from historical levels of $20, however.

Image source: Getty Images.

Source: Fool.com