Potash Makes Big Strategic Move

Canada’s Potash Corp. (NYSE:POT) has requested permission from the Israeli government to increase its stake in competitor Israel Chemicals (ICL) (ISCHY.PK) to 25% from 13.9% at a cost of around 5.23B shekels ($1.38B), say reports. Market players believe this could be the beginning of taking full control of ICL.

Here’s hot Potash and top competitors are trading on the news:

Potash Corp. of Saskatchewan, Inc. (NYSE:POT): POT shares recently traded at $38.79, down $0.62, or 1.57%. They have traded in a 52-week range of $38.42 to $63.97. Volume today was 2,776,658 shares versus a 3-month average volume of 8,770,070 shares. The company’s trailing P/E is 11.70, while trailing earnings are $3.32 per share. Get the most recent company news and stock data here >>

Mosaic Co. (NYSE:MOS): MOS shares recently traded at $47.71, down $0.41, or 0.85%. They have traded in a 52-week range of $44.86 to $89.24. Volume today was 1,556,503 shares versus a 3-month average volume of 7,600,780 shares. The company’s trailing P/E is 7.80, while trailing earnings are $6.12 per share. Get the most recent company news and stock data here >>

Agrium Inc. (NYSE:AGU): AGU shares recently traded at $65.58, up $0.24, or 0.37%. They have traded in a 52-week range of $60.15 to $99.14. Volume today was 626,872 shares versus a 3-month average volume of 1,500,760 shares. The company’s trailing P/E is 7.85, while trailing earnings are $8.36 per share. Get the most recent company news and stock data here >>

Agria Corporation (NYSE:GRO): GRO shares recently traded at $1.25, down $0.1, or 7.41%. They have traded in a 52-week range of $1.11 to $2.12. Volume today was 151,676 shares versus a 3-month average volume of 54,295 shares. The company’s trailing earnings are $-0.16 per share. Get the most recent company news and stock data here >>

Origin Agritech Limited (NASDAQ:SEED): SEED shares recently traded at $2.54, up $0.01, or 0.4%. They have traded in a 52-week range of $2.10 to $11.86. Volume today was 14,576 shares versus a 3-month average volume of 71,825 shares. The company’s trailing earnings are $-0.36 per share. Get the most recent company news and stock data here >>