PenderFund Capital Management Ltd. Purchases 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 firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of C$10.60 per share, with a total value of C$2,650,000.00.

Pender Growth Fund Stock Performance

CVE PTF opened at C$11.00 on Friday. The company has a market capitalization of C$80.08 million, a price-to-earnings ratio of 2.07 and a beta of 0.56. Pender Growth Fund Inc. has a twelve month low of C$5.33 and a twelve month high of C$11.26. The stock has a fifty day simple moving average of C$10.63 and a 200 day simple moving average of C$8.97. The company has a quick ratio of 51.12, a current ratio of 0.11 and a debt-to-equity ratio of 3.37.

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.