Pender Growth Fund Inc. (CVE:PTF – Get Free Report) was down 3.4% during mid-day trading on Thursday. The stock traded as low as C$14.23 and last traded at C$14.25. Approximately 675 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,698 shares. The stock had previously closed at C$14.75.
Pender Growth Fund Price Performance
The firm has a market cap of C$97.87 million, a PE ratio of 83.89 and a beta of -0.04. The business’s 50 day moving average price is C$14.95 and its 200 day moving average price is C$15.09.
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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