TeraGo (OTC:TRAGF) Shares Down 30.1% – Here’s What Happened

TeraGo Inc. (OTC:TRAGF) traded down 30.1% during mid-day trading on Friday . The stock traded as low as $0.6857 and last traded at $0.6988. 5,500 shares traded hands during trading, an increase of 54% from the average session volume of 3,575 shares. The stock had previously closed at $1.00.

TeraGo Price Performance

The business’s 50-day moving average price is $0.73 and its 200 day moving average price is $0.78.

TeraGo Company Profile

TeraGo Inc, together with its subsidiaries, provides connectivity services for businesses primarily in Canada. It owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services. The company also offers data connectivity services that allow businesses to connect their various sites within a city or across the company's geographic footprint through a private virtual local area network; and a range of diverse Ethernet-based services over a wireless connection to customer locations.