Pender Growth Fund (CVE:PTF) Hits New 12-Month High - Should You Buy?

Key Points

• Pender Growth Fund Inc. (CVE:PTF) reached a new 52-week high of C$15.30 on Monday, with the stock last trading at C$15.01.
• The company has a market capitalization of C$108.83 million and a P/E ratio of 2.42, indicating potentially undervalued stock.
• Insiders have significantly bought shares, with PenderFund Capital Management Ltd. acquiring 10,200 shares at an average price of C$13.19, totaling C$134,500.26.

Shares of Pender Growth Fund Inc. (CVE:PTF - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$15.30 and last traded at C$15.01, with a volume of 3779 shares. The stock had previously closed at C$15.00.

Pender Growth Fund Stock Performance

The firm has a market cap of C$107.67 million, a PE ratio of 2.40 and a beta of 0.56. The stock's 50 day simple moving average is C$13.47 and its 200 day simple moving average is C$11.28.

Insider Buying and Selling

In other Pender Growth Fund news, insider PenderFund Capital Management Ltd. acquired 20,600 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was bought at an average price of C$12.68 per share, with a total value of C$261,208.00. Over the last three months, insiders have purchased 42,400 shares of company stock valued at $522,642. 9.10% of the stock is owned by 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.