Pender Growth Fund (CVE:PTF) Trading Up 0.1% - Time to Buy?

Shares of Pender Growth Fund Inc. (CVE:PTF - Get Free Report) were up 0.1% on Friday . The company traded as high as C$10.75 and last traded at C$10.71. Approximately 4,010 shares were traded during trading, a decline of 47% from the average daily volume of 7,595 shares. The stock had previously closed at C$10.70.

Pender Growth Fund Price Performance

The company has a debt-to-equity ratio of 3.37, a current ratio of 0.11 and a quick ratio of 51.12. The firm has a market cap of C$77.97 million, a P/E ratio of 2.01 and a beta of 0.56. The stock's 50-day simple moving average is C$10.71 and its two-hundred day simple moving average is C$9.35.

Insider Buying and Selling at Pender Growth Fund

In other news, insider PenderFund Capital Management Ltd. acquired 250,000 shares of the business's stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of C$10.60 per share, for a total transaction of C$2,650,000.00. Company insiders own 9.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.