Pender Growth Fund (CVE:PTF) Stock Price Down 1.3% – What’s Next?

Pender Growth Fund Inc. (CVE:PTF) shares were down 1.3% on Wednesday . The company traded as low as C$15.00 and last traded at C$15.00. Approximately 5,700 shares were traded during trading, an increase of 105% from the average daily volume of 2,783 shares. The stock had previously closed at C$15.20.

Pender Growth Fund Stock Performance

The firm has a fifty day moving average price of C$14.96 and a two-hundred day moving average price of C$15.27. The stock has a market capitalization of C$103.23 million, a P/E ratio of 83.33 and a beta of 0.10.

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).