PenderFund Capital Management Ltd. Buys 250,000 Shares of Pender Growth Fund Inc. (CVE:PTF) Stock

Pender Growth Fund Inc. (CVE:PTF) insider PenderFund Capital Management Ltd. acquired 250,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of C$10.60 per share, for a total transaction of C$2,650,000.00.

Pender Growth Fund Stock Performance

Shares of Pender Growth Fund stock traded up C$0.30 on Friday, reaching C$11.00. 264,933 shares of the stock were exchanged, compared to its average volume of 7,862. Pender Growth Fund Inc. has a twelve month low of C$5.33 and a twelve month high of C$11.26. The business has a 50 day moving average price of C$10.63 and a two-hundred day moving average price of C$8.93. The company has a quick ratio of 51.12, a current ratio of 0.11 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of C$80.08 million, a price-to-earnings ratio of 2.07 and a beta of 0.56.

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.