TeraGo (TSE:TGO) Trading Up 35.4% – Here’s Why

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

TeraGo Trading Up 46.3%

The firm has a market cap of C$46.82 million, a price-to-earnings ratio of -2.55, a PEG ratio of -1.00 and a beta of 0.40. The company has a 50-day moving average price of C$0.87 and a 200 day moving average price of C$0.83. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 864.32.

TeraGo (TSE:TGO) last issued its earnings results on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. The business had revenue of C$6.17 million during the quarter. TeraGo had a negative return on equity of 8,731.77% and a negative net margin of 66.12%. As a group, 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.