Cadence Minerals (KDNC)

Sector:

Mining

Index:

FTSE AIM All-Share

2.50p
   
  • Change Today:
      0.010p
  • 52 Week High: 5.75
  • 52 Week Low: 2.30
  • Currency: UK Pounds
  • Shares Issued: 227.64m
  • Volume: 826,595
  • Market Cap: £5.69m
  • RiskGrade: 426

Cadence shares jump on Mexican lithium progress

By Sean Farrell

Date: Wednesday 10 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Cadence Minerals shares jumped after the company said the start of activities at a lithium site in Mexico boded well for its two joint ventures in that country.
Bacanora Lithium started work on the Sonora project after raising $65m last week, Cadence said.

Cadence owns 30% of the Mexalit and Megalit joint venture companies. Mexalit owns five mineral concessions that form part of the 20-year mine plan for the Sonora project in northern Mexico.

Kiran Morzaria, Cadence's chief executive, said: "Today's announcement not only marks a significant step towards Bacanora's ambition to become a lithium producer in 2023, but also reflects positively on our ambitions for the Mexalit and Megalit joint ventures with Bacanora. We look forward to further news on the mine development."

Cadence shares rose 21% to 19.98p at 11:53 GMT. Bacanora shares were little changed at 45.51p.

Bacanora is building the project with its partner Ganfeng, the world's largest lithium metals producer. The companies are aiming for production of battery grade lithium products in 2023.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KDNC Market Data

Currency UK Pounds
Share Price 2.50p
Change Today 0.010p
% Change 0.40 %
52 Week High 5.75
52 Week Low 2.30
Volume 826,595
Shares Issued 227.64m
Market Cap £5.69m
RiskGrade 426

KDNC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.69% above the market average35.69% above the market average35.69% above the market average35.69% above the market average35.69% above the market average
19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average19.05% below the sector average
Price Trend
84.9% below the market average84.9% below the market average84.9% below the market average84.9% below the market average84.9% below the market average
67.65% below the sector average67.65% below the sector average67.65% below the sector average67.65% below the sector average67.65% below the sector average
Income Not Available
Growth Not Available

KDNC Dividends

No dividends found

Trades for 06-Dec-2024

Time Volume / Share Price
13:35 8,461 @ 2.43p
13:24 21,405 @ 2.53p
12:55 10,900 @ 2.53p
12:31 250,000 @ 2.53p
12:02 200,000 @ 2.53p

KDNC Key Personnel

Finance Director Donald Strang
CEO Kiran Morzaria

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