Pender Growth Fund (CVE:PTF) Hits New 52-Week High at $11.26

Pender Growth Fund Inc. (CVE:PTF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$11.26 and last traded at C$11.25, with a volume of 27725 shares. The stock had previously closed at C$10.55.

Pender Growth Fund Stock Up 1.3 %

The company has a current ratio of 0.39, a quick ratio of 51.12 and a debt-to-equity ratio of 3.37. The business’s fifty day moving average price is C$8.84 and its two-hundred day moving average price is C$7.60. The firm has a market cap of C$79.05 million, a P/E ratio of 76.71 and a beta of 0.58.

Insider Buying and Selling at Pender Growth Fund

In related news, insider PenderFund Capital Management Ltd. acquired 28,900 shares of the stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of C$7.70 per share, with a total value of C$222,634.04. In other news, insider PenderFund Capital Management Ltd. bought 28,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of C$7.70 per share, for a total transaction of C$222,634.04. Also, Director Ian Donald Power sold 7,500 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$7.51, for a total transaction of C$56,325.00. Corporate insiders own 8.13% of the company’s stock.

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.