Pender Growth Fund Inc. (CVE:PTF – Get Free Report)’s share price was down 1.7% on Thursday. The company traded as low as C$14.25 and last traded at C$14.25. Approximately 9,000 shares traded hands during trading, an increase of 233% from the average session volume of 2,700 shares. The stock had previously closed at C$14.49.
Pender Growth Fund Stock Down 1.7%
The firm has a fifty day moving average price of C$14.74 and a 200-day moving average price of C$14.95. The firm has a market cap of C$97.87 million, a price-to-earnings ratio of 83.89 and a beta of 0.20.
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. 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).
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