Pender Growth Fund (CVE:PTF) Trading Down 0.3% – What’s Next?

Shares of Pender Growth Fund Inc. (CVE:PTF) dropped 0.3% on Wednesday . The company traded as low as C$15.10 and last traded at C$15.10. Approximately 2,700 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 2,621 shares. The stock had previously closed at C$15.15.

Pender Growth Fund Stock Performance

The stock has a market cap of C$104.69 million, a price-to-earnings ratio of 83.89 and a beta of 0.10. The company has a 50-day simple moving average of C$14.95 and a two-hundred day simple moving average of C$15.31.

About Pender Growth Fund

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. The fund targets companies based in British Columbia, Canada. It typically invests over Cdn $500,000 ($0.51) or invests between Cdn $1.5 million ($1.53 million) and Cdn $3 million ($3.06 million) in each portfolio company with revenues between Cdn $5 million ($5.10 million) and Cdn $15 million ($15.30 million).