Codan (OTCMKTS:CODAF) Stock Price Down 5.5% – Time to Sell?

Shares of Codan Limited (OTCMKTS:CODAF) fell 5.5% on Monday . The company traded as low as C$20.00 and last traded at C$20.00. 100 shares changed hands during trading, a decline of 90% from the average session volume of 983 shares. The stock had previously closed at C$21.17.

Codan Trading Down 5.5%

The stock’s 50 day simple moving average is C$23.46 and its 200 day simple moving average is C$17.52.

Codan Company Profile

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.