TeraGo (TSE:TGO) Shares Climb 12.3% – Here’s What Happened

by · The Markets Daily

TeraGo Inc. (TSE:TGO – Get Free Report) shares shot up 12.3% during mid-day trading on Tuesday. The company traded as high as C$2.01 and last traded at C$2.01. Approximately 114,357 shares were traded during trading, an increase of 407% from the average daily volume of 22,549 shares. The stock had previously closed at C$1.79.

TeraGo Price Performance

The stock has a 50 day simple moving average of C$1.52 and a two-hundred day simple moving average of C$1.18. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03. The firm has a market cap of C$78.46 million, a PE ratio of -7.73, a price-to-earnings-growth ratio of -1.00 and a beta of 0.02.

TeraGo (TSE:TGO – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) EPS for the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. The business had revenue of C$6.21 million during the quarter. Sell-side analysts expect that TeraGo Inc. will post -0.49 earnings per share for the current 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.

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