Pender Growth Fund (CVE:PTF) Stock Price Up 0.8% - Still a Buy?

Key Points

• Pender Growth Fund Inc. (CVE:PTF) experienced a 0.8% increase in share price, reaching C$15.01, with trade volume rising by 50% compared to its average.
• Insiders, including PenderFund Capital Management Ltd., purchased a total of 42,400 shares worth C$522,642 over the past ninety days, indicating confidence in the company's prospects.
• The fund specializes in later stage investments and targets illiquid public and private companies in sectors like technology and life sciences.

Pender Growth Fund Inc. (CVE:PTF - )'s share price was up 0.8% during trading on Tuesday . The company traded as high as C$15.01 and last traded at C$15.01. Approximately 4,520 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 3,022 shares. The stock had previously closed at C$14.89.

Pender Growth Fund Stock Up 0.8%

The company has a 50 day simple moving average of C$12.75 and a 200-day simple moving average of C$11.05. The stock has a market capitalization of C$108.83 million, a price-to-earnings ratio of 2.42 and a beta of 0.56.

Insider Activity at Pender Growth Fund

In related news, insider PenderFund Capital Management Ltd. purchased 10,200 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average price of C$13.19 per share, for a total transaction of C$134,500.26. Insiders purchased a total of 42,400 shares of company stock worth $522,642 in the last ninety days. Insiders own 9.10% of the company's stock.

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.

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