Terra Tech Corp. (TRTC) Releases Quarterly Earnings Results
Terra Tech Corp. (OTCMKTS:TRTC) released its quarterly earnings data on Tuesday. The industrial products company reported $0.00 earnings per share for the quarter, Yahoo Finance Previews reports. Terra Tech Corp. had a negative net margin of 107.52% and a negative return on equity of 52.81%.
Terra Tech Corp. (OTCMKTS TRTC) traded up 1.31% on Tuesday, hitting $0.27. 4,522,312 shares of the stock traded hands. Terra Tech Corp. has a 52 week low of $0.14 and a 52 week high of $0.56. The stock has a 50 day moving average of $0.22 and a 200 day moving average of $0.24. The firm’s market capitalization is $158.41 million.
In related news, Director Steven J. Ross sold 200,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $0.24, for a total transaction of $48,000.00. Following the transaction, the director now directly owns 2,011,630 shares of the company’s stock, valued at $482,791.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Derek Peterson purchased 324,993 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were purchased at an average cost of $0.23 per share, for a total transaction of $75,170.88. Following the completion of the transaction, the chief executive officer now directly owns 324,993 shares of the company’s stock, valued at $75,170.88. Insiders have purchased 1,057,392 shares of company stock worth $244,575 over the last three months. 25.41% of the stock is owned by insiders.
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About Terra Tech Corp.
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp.
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