Pender Growth Fund (CVE:PTF) Sets New 52-Week High - What's Next?

Pender Growth Fund Inc. (CVE:PTF - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$11.65 and last traded at C$11.65, with a volume of 16061 shares. The stock had previously closed at C$11.20.

Pender Growth Fund Stock Up 5.2%

The company has a market cap of C$100.64 million, a P/E ratio of 2.24 and a beta of 0.56. The stock has a 50 day moving average price of C$10.51 and a two-hundred day moving average price of C$10.46.

Insiders Place Their Bets

In related news, insider PenderFund Capital Management Ltd. acquired 20,600 shares of the stock in a transaction on Tuesday, June 24th. The shares were purchased at an average price of C$12.68 per share, for a total transaction of C$261,208.00. Insiders have purchased a total of 42,400 shares of company stock worth $522,642 in the last 90 days. 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.