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Cadence Minerals ( (GB:KDNC) ) has shared an announcement.
Cadence Minerals has released a video interview with CEO Kiran Morzaria in which he discusses the recently granted Preliminary Licence for the Amapá Iron Ore Project in Brazil and provides an update on licensing progress, including at the Azteca plant. Although presented as a non-regulatory announcement, the update sheds light on the company’s progress in advancing key iron ore operations in Brazil, an important step in de-risking project development and reinforcing Cadence’s strategic positioning in the iron ore segment.
The most recent analyst rating on (GB:KDNC) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Cadence Minerals stock, see the GB:KDNC Stock Forecast page.
Spark’s Take on GB:KDNC Stock
According to Spark, TipRanks’ AI Analyst, GB:KDNC is a Neutral.
The score is held down primarily by weak financial performance (multi-year losses, sharp revenue decline, and ongoing cash burn) and soft technical momentum (below key moving averages with negative MACD). Low leverage is a partial offset, but the negative P/E and lack of dividend data provide limited valuation support.
To see Spark’s full report on GB:KDNC stock, click here.
More about Cadence Minerals
Cadence Minerals Plc (AIM: KDNC) is a UK-listed resources company focused on mineral projects, including iron ore assets such as the Amapá Iron Ore Project in Brazil. The company operates within the mining and natural resources sector, seeking to advance and develop resource projects to create value for its shareholders.
Average Trading Volume: 3,052,476
Technical Sentiment Signal: Buy
Current Market Cap: £12.89M
See more insights into KDNC stock on TipRanks’ Stock Analysis page.