Pender Growth Fund (CVE:PTF) Sets New 52-Week High - Still a Buy?

Key Points

• Pender Growth Fund Inc. (CVE:PTF) reached a new 52-week high, trading at C$15.00 with a trading volume of 4,020 shares.
• The company's market capitalization stands at C$108.83 million, with a P/E ratio of 2.42 and beta of 0.56.
• Insiders have purchased 42,400 shares valued at approximately C$522,642 in the last quarter, indicating confidence in the company's future performance.

Pender Growth Fund Inc. (CVE:PTF - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$15.00 and last traded at C$15.00, with a volume of 4020 shares changing hands. The stock had previously closed at C$14.89.

Pender Growth Fund Trading Down 0.3%

The stock has a market capitalization of C$108.76 million, a P/E ratio of 2.42 and a beta of 0.56. The company has a 50-day moving average price of C$12.84 and a 200 day moving average price of C$11.08.

Insider Activity at Pender Growth Fund

In related news, insider PenderFund Capital Management Ltd. purchased 10,200 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of C$13.19 per share, with a total value of C$134,500.26. Insiders purchased a total of 42,400 shares of company stock valued at $522,642 over the last ninety days. 9.10% of the stock is currently owned by company insiders.

About Pender Growth Fund

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.