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An update from Boom Logistics Ltd ( (AU:BOL) ) is now available.
Boom Logistics Ltd, listed on the ASX under code BOL, has ordinary fully paid shares that form the basis of its current capital management activities. The company remains subject to ongoing disclosure obligations as it updates the market on changes to its issued capital through buy-back activity.
Boom Logistics has issued an update on its on-market share buy-back, reporting that a total of 1,740,024 shares had been repurchased before the previous day and a further 40,982 shares were bought back on the prior trading day. The daily notification signals the company’s continued execution of its buy-back program, which is likely aimed at optimising its capital structure and potentially enhancing shareholder value through reduced share count.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.00 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 is an Australian-listed company trading under the ASX code BOL, with ordinary fully paid shares on issue. The company operates in the logistics and related services sector, and its securities are actively traded on the Australian Securities Exchange, giving it access to public capital markets.
Average Trading Volume: 47,410
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$66.58M
Learn more about BOL stock on TipRanks’ Stock Analysis page.