Pender Growth Fund Inc. (CVE:PTF) Insider Purchases C$2,650,000.00 in Stock

Pender Growth Fund Inc. (CVE:PTF) insider PenderFund Capital Management Ltd. purchased 250,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of C$10.60 per share, for a total transaction of C$2,650,000.00.

Pender Growth Fund Trading Up 2.8 %

PTF traded up C$0.30 during trading on Friday, hitting C$11.00. 264,933 shares of the stock were exchanged, compared to its average volume of 7,862. Pender Growth Fund Inc. has a 1 year low of C$5.33 and a 1 year high of C$11.26. The company has a debt-to-equity ratio of 3.37, a quick ratio of 51.12 and a current ratio of 0.11. The firm has a 50 day simple moving average of C$10.63 and a 200 day simple moving average of C$8.93. The firm has a market cap of C$80.08 million, a price-to-earnings ratio of 2.07 and a beta of 0.56.

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.