Codan (OTCMKTS:CODAF) Stock Price Up 14.5% – Here’s What Happened

Codan Limited (OTCMKTS:CODAF) shares traded up 14.5% during trading on Tuesday . The company traded as high as C$25.57 and last traded at C$25.57. 100 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 500 shares. The stock had previously closed at C$22.34.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group set a $38.50 price objective on Codan in a research note on Sunday, February 22nd.

Codan Stock Up 14.5%

The company has a 50 day simple moving average of C$25.09 and a two-hundred day simple moving average of C$22.69.

About Codan

Codan Limited (OTCMKTS:CODAF) is an Australian technology company specializing in the design and manufacture of communications and detection equipment. Headquartered in Adelaide, South Australia, Codan operates through two primary business segments—detection and communications—providing hardware, software and turn-key solutions to commercial, government and humanitarian customers worldwide.

In its detection segment, Codan markets metal-detection products under the Minelab brand. These detectors serve a range of applications including gold prospecting, security screening, landmine and ordinance clearance, and archaeological exploration.