TeraGo (TSE:TGO) Shares Up 12.3% – Here’s Why

TeraGo Inc. (TSE:TGO) traded 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 changed hands 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 Trading Up 12.3%

The firm’s 50-day simple moving average is C$1.52 and its 200 day simple moving average is C$1.18. The stock has a market cap of C$78.46 million, a P/E ratio of -7.73, a PEG ratio of -1.00 and a beta of 0.02. The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of -4,868.75.

TeraGo (TSE:TGO) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%. The business had revenue of C$6.21 million during the quarter. As a group, equities research analysts anticipate that TeraGo Inc. will post -0.49 earnings per share for the current year.

TeraGo Company Profile

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.