Pender Growth Fund (CVE:PTF) Trading Up 3.1%

Pender Growth Fund Inc. (CVE:PTF)’s share price was up 3.1% on Tuesday . The company traded as high as C$10.31 and last traded at C$10.31. Approximately 260 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 6,049 shares. The stock had previously closed at C$10.00.

Pender Growth Fund Price Performance

The stock has a market capitalization of C$75.88 million, a P/E ratio of 73.64 and a beta of 0.58. The business’s 50 day simple moving average is C$8.34 and its two-hundred day simple moving average is C$7.42. The company has a quick ratio of 51.12, a current ratio of 0.39 and a debt-to-equity ratio of 3.37.

Insider Buying and Selling at Pender Growth Fund

In other news, insider PenderFund Capital Management Ltd. purchased 28,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of C$7.70 per share, with a total value of C$222,634.04. In related news, Director Ian Donald Power sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$7.51, for a total transaction of C$56,325.00. Also, insider PenderFund Capital Management Ltd. purchased 28,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of C$7.70 per share, for a total transaction of C$222,634.04. Insiders own 8.13% of the company’s stock.

Pender Growth Fund Company Profile

Pender Growth Fund Inc specializes in later stage, special situations, and restructuring investments. The fund also provides expansion capital and invests in small caps and Eligible Small Businesses ("ESBs"). It seeks to invest in illiquid public and private companies in information technology, communications, life sciences, and proprietary technologies sectors and undervalued technology companies.