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The latest announcement is out from Boom Logistics Ltd ( (AU:BOL) ).
Boom Logistics Limited announced the full recovery of $1,142,748 misused by its former CEO and Managing Director, Mr. Ben Pieyre, through the sale of his house, which contributed an additional $424,846 to the recovered amount. This development marks a significant resolution to the financial misconduct issue, potentially restoring stakeholder confidence and reinforcing the company’s commitment to governance and accountability.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.13 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 is Australia’s leading provider of complex lifting and project logistics solutions, offering specialized equipment, engineering services, and workforce solutions to a wide range of industry projects. The company plays a crucial role in supporting Australia’s critical infrastructure development, renewable energy transition, and resource extraction projects, focusing on safety, customer value, operational efficiency, and sustainability.
Average Trading Volume: 75,735
Technical Sentiment Signal: Buy
Current Market Cap: A$65.59M
Find detailed analytics on BOL stock on TipRanks’ Stock Analysis page.