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NEW YORK ( TheStreet) -- Intrepid Potash (NYSE: IPI) hit a new 52-week low Monday as it is currently trading at $20.56, below its previous 52-week low of $20.75 with 28,772 shares traded as of 9:36 a.m. ET. Average volume has been 631,000 shares over the past 30 days. Intrepid Potash has a market cap of $1.61 billion and is part of the basic materials sector and chemicals industry. Shares are down 7.6% year to date as of the close of trading on Friday. Intrepid Potash, Inc. produces and markets muriate of potash and langbeinite under the Trio brand name primarily in the United States. The company has a P/E ratio of 15.7, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.