TeraGo (TSE:TGO) Director Acquires C$88,400.00 in Stock

TeraGo Inc. (TSE:TGO) Director Martin Pinnes purchased 65,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of C$1.36 per share, for a total transaction of C$88,400.00. Following the transaction, the director owned 299,574 shares of the company’s stock, valued at approximately C$407,420.64. This trade represents a 27.71% increase in their ownership of the stock.

Martin Pinnes also recently made the following trade(s):

• On Friday, May 22nd, Martin Pinnes bought 7,500 shares of TeraGo stock. The stock was purchased at an average price of C$1.41 per share, for a total transaction of C$10,575.00.
• On Friday, May 22nd, Martin Pinnes bought 2,000 shares of TeraGo stock. The stock was purchased at an average price of C$1.44 per share, for a total transaction of C$2,880.00.

TeraGo Price Performance

Shares of TSE:TGO traded down C$0.03 during trading on Monday, reaching C$1.32. The company had a trading volume of 26,118 shares, compared to its average volume of 30,742. The company has a fifty day moving average of C$0.94 and a two-hundred day moving average of C$0.85. The stock has a market capitalization of C$51.53 million, a P/E ratio of -3.57, a price-to-earnings-growth ratio of -1.00 and a beta of 0.40. TeraGo Inc. has a 12 month low of C$0.60 and a 12 month high of C$1.50. The company has a current ratio of 1.26, a quick ratio of 0.60 and a debt-to-equity ratio of 2,100.38.

TeraGo (TSE:TGO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. TeraGo had a negative return on equity of 4,295.54% and a negative net margin of 65.17%.The company had revenue of C$6.17 million during the quarter. Equities research analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current year.

About TeraGo

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.