Martin Pinnes Acquires 65,000 Shares of TeraGo (TSE:TGO) Stock

TeraGo Inc. (TSE:TGO – Get Free Report) Director Martin Pinnes acquired 65,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of C$1.36 per share, with a total value of C$88,400.00. Following the purchase, the director directly owned 299,574 shares in the company, valued at C$407,420.64. This represents a 27.71% increase in their position.

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

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• On Friday, May 22nd, Martin Pinnes acquired 7,500 shares of TeraGo stock. The stock was acquired at an average cost of C$1.41 per share, with a total value of C$10,575.00.
• On Friday, May 22nd, Martin Pinnes acquired 2,000 shares of TeraGo stock. The stock was acquired at an average cost of C$1.44 per share, with a total value of C$2,880.00.

TeraGo Trading Down 2.2%

TGO traded down C$0.03 during trading on Monday, hitting C$1.32. 26,118 shares of the stock traded hands, compared to its average volume of 30,742. The firm 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 debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60. The firm has a 50-day moving average of C$0.94 and a 200 day moving average of C$0.85.

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

About TeraGo

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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.

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