Cadiz Inc (CDZI): Asset Management Llc Water , 10% owner of Cadiz Inc purchased 23,430 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.11 per share for a total value of $72,867.30 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Oct 5, 2015, Asset Management Llc Water (10% owner) purchased 7,400 shares at $7.55 per share price.
Shares of Cadiz Inc (CDZI) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.055 points or -0.84% at $6.48 with 1,44,117 shares getting traded. Post opening the session at $6.67, the shares hit an intraday low of $6.38 and an intraday high of $6.67 and the price vacillated in this range throughout the day. The company has a market cap of $116 M and the number of outstanding shares has been calculated to be 1,79,46,973 shares. The 52-week high of Cadiz Inc is $10.5 and the 52-week low is $2.7116.
Cadiz Inc. is a land and water resource development company with acreage in three areas of eastern San Bernardino County California. The Company is engaged in agricultural operations on its properties in the Cadiz/Fenner valley and development of the water resources underlying that site. The agricultural operations include vineyards citrus orchards and seasonal vegetables. The Company’s water development efforts are primarily focused on the Cadiz Valley Water Conservation Recovery and Storage Project. The project is designed to supply capture and conserve billions of gallons of renewable native groundwater being lost annually to evaporation from the aquifer system underlying the Company’s Cadiz/Fenner property. The project is aimed to provide a reliable water supply to water users in Southern California.