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

Shares of Codan Limited (OTCMKTS:CODAF) were down 5.5% on Monday . The stock traded as low as C$20.00 and last traded at C$20.00. Approximately 100 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 983 shares. The stock had previously closed at C$21.17.

Codan Trading Down 5.5%

The firm has a 50-day simple moving average of C$23.41 and a 200 day simple moving average of C$17.60.

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.