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

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $38.50 target price on shares of Codan in a research report on Sunday, February 22nd.

Codan Stock Performance

The company’s 50 day moving average price is C$25.09 and its two-hundred day moving average price is C$22.69.

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.