Media headlines about Cadiz (NASDAQ:CDZI) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cadiz earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.4526287462987 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Cadiz (CDZI) traded up $0.15 on Monday, reaching $12.95. The company’s stock had a trading volume of 14,924 shares, compared to its average volume of 91,169. Cadiz has a one year low of $6.90 and a one year high of $16.25. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of -1.85.
Separately, B. Riley set a $18.00 price objective on Cadiz and gave the company a “buy” rating in a report on Monday, October 16th.
In other Cadiz news, CFO Timothy J. Shaheen sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $12.30, for a total transaction of $615,000.00. Following the completion of the transaction, the chief financial officer now owns 148,500 shares of the company’s stock, valued at $1,826,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.56% of the company’s stock.
Cadiz Company Profile
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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