Pender Growth Fund Inc. (CVE:PTF – Get Free Report) was down 2.9% during trading on Tuesday . The company traded as low as C$15.25 and last traded at C$15.25. Approximately 1,500 shares traded hands during trading, a decline of 79% from the average daily volume of 6,998 shares. The stock had previously closed at C$15.70.
Pender Growth Fund Stock Performance
The stock’s 50 day moving average price is C$15.28 and its 200-day moving average price is C$14.87. The company has a market cap of C$106.84 million, a PE ratio of 6.66 and a beta of 0.02.
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).
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