Shares of Pender Growth Fund Inc. (CVE:PTF – Get Free Report) fell 0.3% on Wednesday . The company traded as low as C$15.10 and last traded at C$15.10. Approximately 2,700 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 2,621 shares. The stock had previously closed at C$15.15.
Pender Growth Fund Stock Up 0.6%
The company has a market cap of C$105.31 million, a PE ratio of 84.39 and a beta of 0.10. The stock’s 50 day moving average is C$14.95 and its 200-day moving average is C$15.31.
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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