Martin Pinnes Purchases 7,500 Shares of TeraGo (TSE:TGO) Stock

TeraGo Inc. (TSE:TGO) Director Martin Pinnes purchased 7,500 shares of TeraGo stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of C$1.41 per share, with a total value of C$10,575.00. Following the completion of the acquisition, the director owned 314,574 shares in the company, valued at C$443,549.34. The trade was a 2.44% increase in their ownership of the stock.

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

• On Wednesday, May 20th, Martin Pinnes purchased 65,000 shares of TeraGo stock. The shares were purchased at an average price of C$1.36 per share, with a total value of C$88,400.00.
• On Friday, May 22nd, Martin Pinnes purchased 2,000 shares of TeraGo stock. The shares were purchased at an average price of C$1.44 per share, with a total value of C$2,880.00.

TeraGo Stock Down 2.2%

Shares of TeraGo stock 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 stock has a market cap of C$51.53 million, a P/E ratio of -3.57, a PEG ratio of -1.00 and a beta of 0.40. 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. TeraGo Inc. has a twelve month low of C$0.60 and a twelve month high of C$1.50. The company has a fifty day moving average price of C$0.94 and a two-hundred day moving average price of C$0.85.

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