Pender Growth Fund Inc. (CVE:PTF – Get Free Report) shares were down 3.4% during trading on Thursday. The stock traded as low as C$14.23 and last traded at C$14.25. 675 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,698 shares. The stock had previously closed at C$14.75.
Pender Growth Fund Stock Down 3.4%
The firm has a market capitalization of C$97.87 million, a PE ratio of 83.89 and a beta of -0.04. The stock has a 50-day moving average price of C$14.95 and a 200 day moving average price of C$15.09.
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. 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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