TeraGo Inc. (OTC: TRAGF – Get a rating) shares fell 13.7% in Monday trading. The stock traded as low as $3.34 and last traded at $3.34. About 100 shares were traded during trading, down 84% from the average daily volume of 613 shares. The stock previously closed at $3.87.
Separately, Canaccord Genuity Group lowered its price target on TeraGo shares from C$7.50 to C$7.00 and set a “buy” rating for the company in a Sunday research report. May 15.
The company’s 50-day moving average is $4.31.
About TeraGo (OTC: TRAGF)
TeraGo Inc, together with its subsidiaries, provides cloud connectivity, colocation and enterprise infrastructure services for businesses primarily in Canada. The Company owns and operates a carrier-grade wired and fixed wireless network with multi-protocol label switching and an Internet Protocol communications network that provides Internet access, private interconnection, and data connectivity services.
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