Pender Growth Fund (CVE:PTF) Sets New 52-Week High – Here’s What Happened

Pender Growth Fund Inc. (CVE:PTF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.25 and last traded at C$11.25, with a volume of 22312 shares trading hands. The stock had previously closed at C$11.15.

Pender Growth Fund Stock Performance

The firm has a fifty day simple moving average of C$10.79 and a 200-day simple moving average of C$9.70. The company has a quick ratio of 51.12, a current ratio of 0.11 and a debt-to-equity ratio of 3.37. The company has a market cap of C$78.33 million, a PE ratio of 2.11 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider PenderFund Capital Management Ltd. acquired 250,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average cost of C$10.60 per share, with a total value of C$2,650,000.00. 9.10% of the stock is currently owned by corporate insiders.

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.