Pender Growth Fund (CVE:PTF) Shares Down 0.3% – Here’s What Happened

Shares of Pender Growth Fund Inc. (CVE:PTF) fell 0.3% during trading on Wednesday . The company traded as low as C$15.90 and last traded at C$15.90. 401 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,515 shares. The stock had previously closed at C$15.94.

Pender Growth Fund Stock Down 0.3%

The company has a market capitalization of C$110.23 million, a P/E ratio of 6.94 and a beta of -0.25. The business has a 50 day simple moving average of C$15.58 and a 200-day simple moving average of C$15.04.

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. 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).