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

TeraGo Inc. (TSE:TGO) Director Martin Pinnes bought 65,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the transaction, the director owned 299,574 shares of the company’s stock, valued at C$407,420.64. This 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 shares were 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 purchased 2,000 shares of TeraGo stock. The shares were bought at an average price of C$1.44 per share, with a total value of C$2,880.00.

TeraGo Trading Down 1.5%

Shares of TeraGo stock opened at C$1.30 on Wednesday. The stock has a fifty day simple moving average of C$0.94 and a 200 day simple moving average of C$0.85. TeraGo Inc. has a 12-month low of C$0.60 and a 12-month high of C$1.50. The company has a market capitalization of C$50.75 million, a P/E ratio of -3.51, a price-to-earnings-growth ratio of -1.00 and a beta of 0.40. 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 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 return on equity of 4,295.54% and a negative net margin of 65.17%.The company had revenue of C$6.17 million for the quarter. On average, sell-side analysts anticipate that TeraGo Inc. will post -0.49 earnings per share 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.