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Last $8.03 USD
Change Today -0.11 / -1.35%
Volume 77.1K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

cadiz inc (CDZI) Snapshot

Open
$8.00
Previous Close
$8.14
Day High
$8.13
Day Low
$7.76
52 Week High
09/2/14 - $13.88
52 Week Low
05/12/15 - $6.88
Market Cap
143.1M
Average Volume 10 Days
66.9K
EPS TTM
$-1.19
Shares Outstanding
17.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CADIZ INC (CDZI)

cadiz inc (CDZI) Related Businessweek News

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cadiz inc (CDZI) Details

Cadiz Inc. operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 34,000 acres of land and the subsurface strata, including unsaturated soils and appurtenant water rights in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 additional acres in the eastern Mojave Desert in eastern San Bernardino County. It is also involved in the cultivation of lemons and grapes/raisins, and spring and fall plantings of vegetables on the Cadiz Valley properties. The company has a strategic alliance with ATEC Systems Associates, Inc. and CH2M for the use of a technology for the treatment and removal of Chromium-6 from drinking water supplies. Cadiz Inc. was founded in 1983 and is based in Los Angeles, California.

10 Employees
Last Reported Date: 03/9/15
Founded in 1983

cadiz inc (CDZI) Top Compensated Officers

Chief Executive Officer, President, General C...
Total Annual Compensation: $300.0K
Founder and Chairman
Total Annual Compensation: $161.6K
Chief Financial Officer, Secretary and Direct...
Total Annual Compensation: $279.1K
Compensation as of Fiscal Year 2014.

cadiz inc (CDZI) Key Developments

Cadiz Inc., ATEC Systems Associates Inc. and CH2M Execute Strategic Alliance Agreement to Provide Treatment for Chromium-6 in Drinking Water Sources

Cadiz Inc., ATEC Systems Associates, Inc. and CH2M announced the execution of a strategic alliance agreement for the expanded use of an innovative California Division of Drinking Water-approved technology for the treatment and removal of Chromium-6 from drinking water supplies. The highly-efficient ATEC technology will also enable the economical treatment of water made available by the Cadiz Valley Water Conservation, Recovery & Storage Project for naturally occurring CR-6 prior to its entering the Metropolitan Water District of Southern California's Colorado River Aqueduct, the proposed primary water transportation conduit to the Project's participating water providers. The Santa Margarita Water District, the managing member of the newly formed Fenner Valley Water Authority overseeing Project design and implementation, is currently working with Metropolitan on the technical arrangements for the potential conveyance of water through the CRA, including water quality standards. In 2014, California became the first and only state in the U.S. to limit CR-6 in drinking water to 10 parts per billion, compared to the federal standard for total Chromium in drinking water of 100 ppb. CR-6 occurs naturally at levels above 10 ppb in many groundwater sources across California, including the Cadiz Water Project basin where it naturally occurs at levels that slightly exceed the new California standard. Although a blend of Cadiz water with Metropolitan supplies in the CRA may satisfy the CR-6 water quality regulatory standard, Cadiz and SMWD are sensitive to ensure the Project has the ability to meet any applicable drinking water standards prior to entering the CRA as may be required by Metropolitan. Consequently, Cadiz began evaluating potential treatment technologies in 2013 following the announcement of the new standard. After considering various treatment strategies, Cadiz engaged ATEC to conduct pilot treatment tests at its existing wells. Pilot tests at the Cadiz Water Project area were overseen by CH2M and subsequently peer reviewed by multiple drinking water professionals. The results demonstrate that the ATEC technology can cost-effectively remove CR-6 at the wellhead to a level substantially below the new California State standard. A secondary benefit of the new treatment technology is the removal of arsenic, although Project water is already below current arsenic standards.

Cadiz Forms Strategic Partnership with Semitropic Water Storage District in California, US

Cadiz has entered into a strategic development agreement with Semitropic Water Storage District. Under the agreement, both the parties explore strategic opportunities for operating respective groundwater storage programmes. The storage programmes will be aimed at deriving mutual benefits either through exchanges or transfer of water supplies. According to the deal, which extends for an initial period of three years, the partners will try to identify opportunities in order to support the delivery or storage demands of each other's members and participating partners.

Cadiz Inc. and Lucid Energy Inc. Enter into Joint Venture Collaboration

Cadiz Inc. and Lucid Energy Inc. announced that they have entered into a joint venture collaboration to create power for the Arizona & California Railroad Company as a component of the Cadiz Valley Water Conservation, Recovery & Storage Project. Through the installation of the LucidPipe Power System in the Cadiz Water Project's planned 43-mile water conveyance pipeline, new green power will be generated for expanding existing transloading operations and for other railroad purposes.

 

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Valuation CDZI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 382.7x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 68.1x
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