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Boom Logistics Ltd ( (AU:BOL) ) has shared an announcement.
Boom Logistics Ltd has announced an update on its ongoing on-market buy-back program, with a total of 2,374,073 securities bought back before the previous day and an additional 40,092 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial position.
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, focusing on providing crane logistics and lifting solutions. The company is known for its services in equipment hire, specialized lifting, and heavy haulage, catering to sectors such as construction, mining, and infrastructure development.
Average Trading Volume: 64,105
Technical Sentiment Signal: Hold
Current Market Cap: A$56.2M
For an in-depth examination of BOL stock, go to TipRanks’ Overview page.