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Boom Logistics Ltd ( (AU:BOL) ) just unveiled an announcement.
Boom Logistics Ltd has announced an update regarding its ongoing on-market buy-back program, highlighting the acquisition of 54,684 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 2,198,959. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Boom Logistics Ltd stock, see the AU:BOL Stock Forecast page.
More about Boom Logistics Ltd
Boom Logistics Ltd operates in the logistics industry, providing specialized lifting solutions and crane hire services. The company focuses on delivering efficient and safe lifting operations across various sectors, including construction, mining, and energy.
YTD Price Performance: 3.02%
Average Trading Volume: 62,284
Technical Sentiment Signal: Buy
Current Market Cap: A$57.78M
For a thorough assessment of BOL stock, go to TipRanks’ Stock Analysis page.