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NEW YORK ( TheStreet) -- Intrepid Potash (NYSE: IPI) hit a new 52-week low Tuesday as it is currently trading at $18.92, below its previous 52-week low of $18.97 with 426,273 shares traded as of 3:50 p.m. ET. Average volume has been 657,200 shares over the past 30 days. Intrepid Potash has a market cap of $1.44 billion and is part of the basic materials sector and chemicals industry. Shares are down 13.6% year to date as of the close of trading on Monday. 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 14.1, below the average chemicals industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.