Codan Ltd – Market Performance and Recent Developments
Codan Limited (CDA.AX) ended the trading day on Wednesday 21 October 2026 at a price of AUD 61.50, reflecting a decline of ‑0.4 % during the 24‑hour period that closed at 11:17 PM Central Europe.
Trading Metrics
- Current price: AUD 61.50 per share.
- Market capitalisation: AUD 11.40 billion.
- Shares outstanding: 182.6 million.
- Volume traded in last 24 hours: AUD 25.7 million.
- 24‑hour volume relative to 1‑month‑end: up 24.83 %.
Technical Indicators
- 200‑day simple moving average: AUD 42.21.
- 52‑week high: AUD 70.14 (30 September 2026).
- 52‑week low: AUD 25.18 (18 December 2025).
Recent News Summary
During September 2026, Codan’s share price rose sharply after a trading update that projected a substantial increase in first‑half earnings for the fiscal year. The update was highlighted in the Ophir High Conviction Fund report and broader market commentary, where Codan was identified as a major contributor to the fund’s monthly return. The company’s valuation and earnings outlook were described as outperforming consensus estimates, reflecting strong demand for its unmanned systems and communications technology. No other specific developments concerning Codan were reported in other sources.
Market Context – Related Stocks
| Ticker | Current price | Market cap | P/E ratio | Recent movement | Key corporate update |
|---|---|---|---|---|---|
| ASX.AX | AUD 64.25 | AUD 12.4 bn | 25.53 | ↓ 0.03 % | New CEO Anthony Attia to modernise the exchange; target one‑day settlement by 2029 |
| WTC.AX | AUD 39.77 | AUD 12.7 bn | 50.65 | ↑ 1.36 % | Supported by tech gains and positive sentiment following SpaceX earnings |
| LYC.AX | AUD 11.55 | AUD 11.4 bn | 51.25 | 0 % | Perpetual Resources to launch drilling programme for Raptor Rare Earth Project |
| TLC.AX | AUD 5.33 | AUD 11.9 bn | 40.65 | 0 % | Short‑selling disclosures reported by German Federal Gazette |
| REH.AX | AUD 17.05 | AUD 10.7 bn | 35.19 | ↑ 0.17 % | – |
Company Profile
Codan Limited is an Australian company that develops radio communication, metal detection, and tracking solutions for governments, corporations, NGOs, and consumers. The company is listed on the ASX All Markets stock exchange. More information is available on its website: www.codan.com.au .