Pender Growth Fund (CVE:PTF) Sets New 12-Month High – Should You Buy?

Pender Growth Fund Inc. (CVE:PTFGet Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.25 and last traded at C$11.25, with a volume of 22312 shares. The stock had previously closed at C$11.15.

Pender Growth Fund Trading Down 4.4 %

The company has a current ratio of 0.11, a quick ratio of 51.12 and a debt-to-equity ratio of 3.37. The company has a market cap of C$78.33 million, a PE ratio of 2.11 and a beta of 0.56. The company has a fifty day simple moving average of C$10.79 and a two-hundred day simple moving average of C$9.70.

Insider Buying and Selling

In other news, insider PenderFund Capital Management Ltd. acquired 250,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of C$10.60 per share, with a total value of C$2,650,000.00. Insiders own 9.10% of the company’s stock.

Pender Growth Fund Company Profile

(Get Free Report)

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.

See Also

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