Agricultural Chemicals: Potash Corp./Saskatchewan (USA) (NYSE:POT), Mosaic Co (NYSE:MOS), Ceres Inc (NASDAQ:CERE), Intrepid Potash, Inc. (NYSE:IPI)

Posted by on Mar 09, 2014

Potash Corp./Saskatchewan (USA) (NYSE:POT) is bucking the broad-market trend lower, up 0.6% at $33.49, as some speculate that Western sanctions against Russia could translate into a boon for non-Russian potash suppliers. Against this backdrop, POT calls are trading at more than double the normal rate, with 22,000 contracts exchanged. What’s more, the stock’s 30-day at-the-money implied volatility (IV) is 12.3% higher at 22.2%, underscoring the escalating demand for POT’s short-term contracts. Potash Corp./Saskatchewan (USA) (NYSE:POT) stock opened at $35.29 in last session, and closed at $34.69, while the day  range of POT stock is $34.52-$35.30.The stock showed a positive weekly performance of 4.21%.

Mosaic (NYSE:MOS) announced a quarterly dividend on Thursday, February 20th, AmericanBankingNews.com reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.25 per share on Thursday, March 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. Mosaic Co (NYSE:MOS) stock opened at $49.91, in last session and closed at $49.73, by loosed -0.54%.The 52 week range was $39.75-$64.65.Company’s market capitalization is $2.19billion.

Ceres, Inc. (Nasdaq:CERE) announced the pricing of an underwritten public offering of 20,000,000 shares of common stock at a public offering price of $1.00 per share. Ceres also granted the underwriters a 45-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any. Ceres expects to receive approximately $20 million in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the company. Ceres intends to use the net proceeds from this offering for general corporate purposes, including working capital. Ceres Inc (NASDAQ:CERE) stock gained 1.90% and finished the last session at $1.07.The EPS of the stock remained -1.36.Company’s market capitalization is $26.97 million.

Intrepid Potash (NYSE:IPI) SVP Kelvin Feist sold 10,086 shares of the company’s stock on the open market in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $15.93, for a total transaction of $160,669.98. Following the completion of the sale, the senior vice president now directly owns 26,110 shares of the company’s stock, valued at approximately $415,932. Intrepid Potash, Inc. (NYSE:IPI) stock opened the session at $16.46, and closed the session at $16.37. The 52 week range of the IPI stock remained $10.60-$19.91 and the day range was $16.23-$16.47.

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