Australia's Boom Logistics hits 5-week high on securing $39 mln contract

Boom Logistics

01/05/2024 02:18

** Shares of Boom Logistics Ltd  BOL.AX  rise as much as
3.57% to A$0.145, their highest since March 25
    ** Stock posts its biggest intraday pct gain since April 23 
    ** Logistics firm says it won a A$60 mln ($38.80 mln)
contract from Newmont Mining  
    ** Says it's confident it will achieve FY24 NPAT forecast in
excess of A$6 mln 
    ** More than 1.2 mln shares change hands, 5 times the 30-day
average volume 
    ** Stock had risen 12% this year, as of last close

($1 = 1.5466 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))