Business
Why the Boom (ASX:BOL) share price is surging 6% today
The Boom Logistics Limited (ASX: BOL) share price is surging following a new contract win with GE Renewables. At the time of writing, the lifting solutions and crane provider’s shares are up 6.6% to 16 cents.
Let’s take a closer look at what the company announced.
What’s driving the Boom share price higher?
The Boom share price is climbing as investors appear pleased with the latest update.
According to its release, Boom advised that it has secured work on the Bango wind farm in the Southern Tablelands region of New South Wales.
The project will see Boom provide a number of lifting services for the construction of the wind farm. The company will deploy a fleet of 12 cranes, which will include three 750 tonne capacity cranes….
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