Key Points
- Director Martin Pinnes bought 65,000 TeraGo shares on May 20 at an average price of C$1.36, raising his direct stake to 299,574 shares, a 27.71% increase in ownership.
- Pinnes also made two additional purchases on May 22, buying 7,500 shares at C$1.41 and 2,000 shares at C$1.44, signaling continued insider buying.
- TeraGo shares were down 2.2% to C$1.32, and the company recently reported a quarterly loss of C$0.08 per share on revenue of C$6.17 million.
TeraGo Inc. (TSE:TGO - Get Free Report) Director Martin Pinnes acquired 65,000 shares of TeraGo stock in a transaction that occurred on 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 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 purchased 7,500 shares of TeraGo stock. The stock was bought at an average price of C$1.41 per share, for a total transaction of C$10,575.00.
- On Friday, May 22nd, Martin Pinnes purchased 2,000 shares of TeraGo stock. The stock was bought at an average cost of C$1.44 per share, with a total value of C$2,880.00.
TeraGo Trading Down 2.2%
Shares of TSE TGO opened at C$1.32 on Tuesday. 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 stock 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 1-year low of C$0.60 and a 1-year high of C$1.50. The business has a fifty day moving average price of C$0.94 and a 200 day moving average price of C$0.85.
TeraGo (TSE:TGO - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company 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 expect that TeraGo Inc. will post -0.49 EPS for the current fiscal year.
About TeraGo
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
