TeraGo (TSE:TGO) Sets New 52-Week High – Here’s What Happened

Shares of TeraGo Inc. (TSE:TGO) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.30 and last traded at C$1.30, with a volume of 15670 shares. The stock had previously closed at C$1.29.

TeraGo Stock Performance

The stock’s 50-day moving average is C$1.05 and its 200 day moving average is C$0.89. The company has a debt-to-equity ratio of 2,100.38, a quick ratio of 0.60 and a current ratio of 1.26. The firm has a market cap of C$50.75 million, a P/E ratio of -3.51, a PEG ratio of -1.00 and a beta of 0.24.

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

Insiders Place Their Bets

In related news, Director Martin Pinnes acquired 65,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the transaction, the director directly owned 299,574 shares of the company’s stock, valued at approximately C$407,420.64. The trade was a 27.71% increase in their ownership of the stock. Insiders bought 74,500 shares of company stock worth $101,855 in the last 90 days. Insiders own 1.30% of the company’s stock.

TeraGo Company Profile

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.