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Boom Logistics Ltd ( (AU:BOL) ) has issued an update.
Boom Logistics Limited has uncovered further misuse of company funds by its former CEO and Managing Director, Mr. Ben Pieyre, amounting to approximately $1.123 million. The company has recovered $486,720 so far and is pursuing full reimbursement while implementing stricter financial controls to prevent future incidents.
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 operates in the logistics industry, focusing on providing crane logistics and lifting solutions. The company is known for its expertise in managing complex lifting projects across various sectors, including construction, mining, and infrastructure development.
YTD Price Performance: -5.08%
Average Trading Volume: 43,785
Technical Sentiment Signal: Sell
Current Market Cap: A$53.24M
See more insights into BOL stock on TipRanks’ Stock Analysis page.