Pender Growth Fund (CVE:PTF) Trading Up 0.3% – Still a Buy?

Pender Growth Fund Inc. (CVE:PTFGet Free Report) shares were up 0.3% on Tuesday . The stock traded as high as C$15.65 and last traded at C$15.65. Approximately 751 shares were traded during trading, a decline of 81% from the average daily volume of 3,938 shares. The stock had previously closed at C$15.60.

Pender Growth Fund Trading Up 0.3%

The firm’s 50-day moving average price is C$15.01 and its 200 day moving average price is C$14.68. The company has a market capitalization of C$109.64 million, a price-to-earnings ratio of 6.83 and a beta of 0.02.

About Pender Growth Fund

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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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