Pender Growth Fund (CVE:PTF) Trading Up 3.7% – What’s Next?

Pender Growth Fund Inc. (CVE:PTF – Get Free Report) shares rose 3.7% during mid-day trading on Tuesday . The company traded as high as C$15.88 and last traded at C$15.87. Approximately 17,920 shares traded hands during mid-day trading, an increase of 358% from the average daily volume of 3,912 shares. The stock had previously closed at C$15.30.

Pender Growth Fund Price Performance

The company’s 50 day moving average is C$14.72 and its 200 day moving average is C$14.15. The stock has a market cap of C$113.18 million, a price-to-earnings ratio of 6.93 and a beta of 0.25.

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.

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