Pender Growth Fund (CVE:PTF) Shares Up 3.1%

Pender Growth Fund Inc. (CVE:PTF) shares traded up 3.1% during trading on Tuesday . The company traded as high as C$10.31 and last traded at C$10.31. 260 shares changed hands during trading, a decline of 96% from the average session volume of 6,049 shares. The stock had previously closed at C$10.00.

Pender Growth Fund Stock Up 1.8 %

The firm’s fifty day moving average is C$8.40 and its two-hundred day moving average is C$7.44. The firm has a market cap of C$77.28 million, a price-to-earnings ratio of 75.00 and a beta of 0.58. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.39 and a quick ratio of 51.12.

Insiders Place Their Bets

In related news, insider PenderFund Capital Management Ltd. acquired 28,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of C$7.70 per share, for a total transaction of C$222,634.04. In other Pender Growth Fund news, insider PenderFund Capital Management Ltd. purchased 28,900 shares of the business’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of C$7.70 per share, with a total value of C$222,634.04. Also, Director Ian Donald Power sold 7,500 shares of Pender Growth Fund stock in a transaction that occurred 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. 8.13% of the stock is owned by insiders.

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.