Pender Growth Fund (CVE:PTF) Stock Price Down 1.3%

Pender Growth Fund Inc. (CVE:PTF)’s stock price was down 1.3% on Tuesday . The stock traded as low as C$10.71 and last traded at C$10.71. Approximately 2,400 shares changed hands during trading, a decline of 61% from the average daily volume of 6,231 shares. The stock had previously closed at C$10.85.

Pender Growth Fund Stock Down 1.3 %

The stock has a market capitalization of C$78.83 million, a price-to-earnings ratio of 76.50 and a beta of 0.58. The company has a quick ratio of 51.12, a current ratio of 0.39 and a debt-to-equity ratio of 3.37. The firm has a 50-day moving average of C$9.67 and a two-hundred day moving average of C$7.95.

Insiders Place Their Bets

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

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.