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Boom Logistics Ltd ( (AU:BOL) ) has shared an update.
Boom Logistics Ltd has provided an update on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code BOL. The company reported that it had repurchased a total of 3,027,399 shares prior to the latest trading day and bought back an additional 104,645 shares on the previous day.
The ongoing daily notifications indicate that Boom Logistics is actively executing its previously announced buy-back, signalling continued capital management efforts. This activity may support the company’s share price, reduce the number of shares on issue and potentially enhance value for remaining shareholders over time.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.48 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 space, where it manages its capital structure through market transactions in its own securities.
Average Trading Volume: 75,266
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$67.59M
Find detailed analytics on BOL stock on TipRanks’ Stock Analysis page.