TeraGo (TSE:TGO) Trading 35.4% Higher – Here’s What Happened

TeraGo Inc. (TSE:TGO) traded up 35.4% during trading on Friday . The stock traded as high as C$1.25 and last traded at C$1.11. 97,889 shares traded hands during trading, an increase of 244% from the average session volume of 28,488 shares. The stock had previously closed at C$0.82.

TeraGo Stock Performance

The firm has a market capitalization of C$48.77 million, a PE ratio of -2.66, a P/E/G ratio of -1.00 and a beta of 0.40. 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 firm has a fifty day moving average price of C$0.88 and a 200 day moving average price of C$0.83.

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