This Utilities Stock Roofed On $175M Project Investment

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, March 4, 2025

A small cap based out of Los Angeles saw its shares soar on Tuesday after the company announced it entered a letter of agreement with a lead investor to receive up to $175 million in investment in the Mojave groundwater bank project, according to a press release this morning.

Shares of Cadiz Inc. (Nasdaq:CDZI) rallied strongly on the news, as traders pushed shares of this stock up to $4.56/share (+11.49%) at the early session high. This move was a strong rebound from a multi-session selloff, potentially putting this stock back in its previously-established uptrend.

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California.

Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.