Pender Growth Fund (CVE:PTF) Stock Price Down 1.7% – Should You Sell?

Pender Growth Fund Inc. (CVE:PTF)’s stock price was down 1.7% during mid-day trading on Thursday. The stock traded as low as C$14.25 and last traded at C$14.25. Approximately 9,000 shares traded hands during mid-day trading, an increase of 233% from the average daily volume of 2,700 shares. The stock had previously closed at C$14.49.

Pender Growth Fund Price Performance

The firm has a market capitalization of C$97.87 million, a P/E ratio of 83.89 and a beta of 0.20. The business has a 50 day moving average price of C$14.72 and a 200 day moving average price of C$14.95.

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).