Terra Tech Corp. (OTCMKTS:TRTC) Releases Earnings Results
Terra Tech Corp. (OTCMKTS:TRTC) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.00 earnings per share for the quarter, Yahoo Finance Previews reports. Terra Tech Corp. had a negative net margin of 107.52% and a negative return on equity of 52.81%.
Terra Tech Corp. (OTCMKTS:TRTC) traded up 1.31% during trading on Tuesday, reaching $0.27. 4,522,312 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $0.22 and a 200-day moving average price of $0.24. Terra Tech Corp. has a 12 month low of $0.14 and a 12 month high of $0.56. The firm’s market cap is $158.41 million.
In other Terra Tech Corp. news, CEO Derek Peterson purchased 324,993 shares of the business’s stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of $0.23 per share, with a total value of $75,170.88. Following the transaction, the chief executive officer now directly owns 324,993 shares of the company’s stock, valued at approximately $75,170.88. Also, Chief Operating Officer Ken VandeVrede purchased 244,133 shares of the business’s stock in a transaction on Friday, June 30th. The shares were acquired at an average cost of $0.23 per share, for a total transaction of $56,467.96. Following the completion of the transaction, the insider now directly owns 244,133 shares in the company, valued at $56,467.96. Insiders have acquired a total of 1,057,392 shares of company stock worth $244,575 over the last three months. Insiders own 25.41% of the company’s stock.
About Terra Tech Corp.
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp.
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