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Boom Logistics Ltd ( (AU:BOL) ) has provided an announcement.
Boom Logistics Limited announced the resignation of its former CEO and Managing Director, Mr. Ben Pieyre, following internal investigations into his unauthorized use of company credit cards and funds. The investigations revealed misuse amounting to less than $1 million, with $246,720 already recovered. The misuse was personal and did not affect the company’s operations or financial health. Further investigations are ongoing, and appropriate actions will be taken against Mr. Pieyre.
The most recent analyst rating on (AU:BOL) stock is a Hold 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 Limited operates in the logistics industry, providing crane logistics and lifting solutions. The company focuses on delivering services to various sectors, including construction, mining, and infrastructure projects.
Average Trading Volume: 39,982
Technical Sentiment Signal: Sell
Current Market Cap: A$55.61M
Learn more about BOL stock on TipRanks’ Stock Analysis page.