Cadiz traded at $4.82 this Tuesday March 24th, increasing $0.06 or 1.26 percent since the previous trading session. Looking back, over the last four weeks, Cadiz gained 9.57 percent. Over the last 12 months, its price rose by 42.60 percent. Looking ahead, we forecast Cadiz to be priced at 4.46 by the end of this quarter and at 4.07 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cadiz Inc. is a natural resources development company, which is engaged in providing sustainable water and agricultural products in California. The Company owns approximately 45,000 acres of land in three areas of Southern California’s Mojave Desert, approximately 35,000 acres in the Cadiz Valley, 2,000 acres in Danby Dry Lake, and 9,000 acres in the Piute Valley. Its properties represent private reserve of lands with vested water rights located in a remote area of eastern San Bernardino County. It principally focused on developing a water project, namely Water Project at its Cadiz Valley property to deliver new water to California communities. Danby Dry Lake property is located approximately 10 miles north of the Colorado River Aqueduct. The Company manages Danby properties for open space purposes. Piute Valley is located approximately 15 miles from the resort community of Laughlin, Nevada, and approximately 12 miles from the Colorado River town of Needles, California.