Pender Growth Fund (CVE:PTF) Trading Up 3.1%

Pender Growth Fund Inc. (CVE:PTF)’s stock price shot up 3.1% during mid-day trading on Tuesday . The stock traded as high as C$10.31 and last traded at C$10.31. 260 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 6,049 shares. The stock had previously closed at C$10.00.

Pender Growth Fund Price Performance

The firm has a market capitalization of C$75.88 million, a PE ratio of 73.64 and a beta of 0.58. The company has a 50-day moving average price of C$8.34 and a 200-day moving average price of C$7.42. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.39 and a quick ratio of 51.12.

Insider Activity at Pender Growth Fund

In other Pender Growth Fund news, insider PenderFund Capital Management Ltd. bought 28,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of C$7.70 per share, for a total transaction of C$222,634.04. In related news, Director Ian Donald Power sold 7,500 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$7.51, for a total value of C$56,325.00. Also, insider PenderFund Capital Management Ltd. bought 28,900 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of C$7.70 per share, with a total value of C$222,634.04. Insiders own 8.13% of the company’s stock.

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.