Intrepid Potash dives on Q4 loss and creditor talks
Add BT as a preferred sourceNew York
INTREPID Potash Inc, a US producer of the fertiliser, plunged the most in seven years after the company posted a US$518.3 million fourth-quarter loss and said it's in talks with creditors to avoid a breach of its loan covenants amid weaker commodity prices.
The shares fell 55 per cent to 99 cents in New York on Tuesday - the lowest closing price and biggest one-day decline since the company's April 2008 initial public offering.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore
