Why the Cadence Capital (ASX:CDM) share price is zipping 9% ahead

The Cadence Capital Limited (ASX: CDM) share price is really finding its rhythm today, as it pulls ahead of most of the ASX. This move comes after the international equities’ manager provided an update on one of its investments.

At the time of writing, Cadence Capital is trading at $1.00, an increase of 8.65% from yesterday’s closing price.

Metal is going green, going DeepGreen

Cadence’s update relates to an investment it made several years ago in a private company by the name of DeepGreen Metals. Before we jump into the recent developments, what is ‘DeepGreen Metals’?

DeepGreen Metals is quite an interesting business. The…