Insider Buying: TeraGo Inc. (TGO) Director Purchases 10,000 Shares of Stock

TeraGo Inc. (TSE:TGO) Director Antonio Ciciretto acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The stock was acquired at an average price of C$3.75 per share, with a total value of C$37,500.00.

Shares of TeraGo Inc. (TSE:TGO) traded up 1.22% on Thursday, reaching $4.15. 31,100 shares of the company were exchanged. The company has a 50-day moving average price of $3.81 and a 200 day moving average price of $4.27. TeraGo Inc. has a 1-year low of $3.60 and a 1-year high of $5.99. The stock’s market capitalization is $59.17 million.

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TGO has been the subject of a number of research reports. TD Securities dropped their price objective on shares of TeraGo from C$6.00 to C$5.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. Desjardins restated a “buy” rating and issued a C$5.00 price objective on shares of TeraGo in a report on Wednesday, March 1st.

About TeraGo

Terago Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services.

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