Fertilizer stocks rise
By Regina Leader-Post
After word late last week of falling prices in the potash sector, reports this week indicate the commodity is back on the rise, with solid increases for established and even fledgling companies.
October 9, 2008
SASKATOON -While oil and base metals fell, fertilizer stocks rose in Wednesday trading. Saskatoon-based Potash Corp. of Saskatchewan rose $13.58 to $110.50, up 14 percent on the day. PotashCorp has traded as high as $246 and as low as $84.45 in the last four months.
Agrium Inc., based in Calgary but with Saskatchewan assets, was up 35 cents to $42.46, and even junior company Athabasca Potash -still in the exploration phase -rose 11 cents, or just under five percent, to $2.37.
Other Saskatchewan-based companies fared less well. Uranium giant Cameco Corp. closed down 70 cents at $17.74 on trading of over 4.3 million shares.
However, Cameco was up from its opening of $16.75.
Grain company Viterra Inc. dropped 36 cents to $8.05 for the day, up from $7.25 in early trading. And Shore Gold Inc., which traded as high as $5.61 last November, was off five cents to 89 cents per share.