Pender Growth Fund (CVE:PTF) Stock Price Down 0.7% – What’s Next?

Shares of Pender Growth Fund Inc. (CVE:PTF) traded down 0.7% during trading on Tuesday . The stock traded as low as C$15.60 and last traded at C$15.60. 100 shares changed hands during trading, a decline of 96% from the average session volume of 2,734 shares. The stock had previously closed at C$15.71.

Pender Growth Fund Price Performance

The firm has a fifty day simple moving average of C$15.67 and a 200 day simple moving average of C$15.25. The company has a market cap of C$108.15 million, a price-to-earnings ratio of -22.61 and a beta of -0.03.

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).