Pender Growth Fund Inc. (CVE:PTF – Get Free Report)’s share price shot up 0.8% during trading on Friday . The company traded as high as C$14.88 and last traded at C$14.88. 1,200 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 2,241 shares. The stock had previously closed at C$14.76.
Pender Growth Fund Price Performance
The company has a market cap of C$102.40 million, a price-to-earnings ratio of 82.67 and a beta of 0.03. The business has a 50 day simple moving average of C$15.18 and a 200 day simple moving average of C$15.39.
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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