Shares of Pender Growth Fund Inc. (CVE:PTF – Get Free Report) shot up 0.3% during trading on Wednesday . The stock traded as high as C$15.06 and last traded at C$15.05. 4,500 shares were traded during trading, an increase of 63% from the average session volume of 2,763 shares. The stock had previously closed at C$15.00.
Pender Growth Fund Stock Performance
The firm’s 50 day moving average price is C$15.05 and its two-hundred day moving average price is C$15.19. The company has a market cap of C$103.02 million, a P/E ratio of 83.89 and a beta of -0.04.
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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