Pender Growth Fund (CVE:PTF) Shares Up 0.7% – What’s Next?

Shares of Pender Growth Fund Inc. (CVE:PTF) traded up 0.7% on Tuesday . The company traded as high as C$14.70 and last traded at C$14.70. 5,560 shares were traded during mid-day trading, an increase of 114% from the average session volume of 2,593 shares. The stock had previously closed at C$14.60.

Pender Growth Fund Price Performance

The company has a market cap of C$101.17 million, a P/E ratio of 81.67 and a beta of 0.10. The firm’s 50-day moving average is C$14.97 and its two-hundred day moving average is C$15.37.

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).