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Woodbois Limited ( (GB:WBI) ) has issued an update.
Woodbois Limited announced a significant management change with the resignation of its executive directors, now operating with two Independent Non-executive Directors. The company plans to appoint a management company to support its Gabon operations and prioritize long-term executive appointments. Despite challenges, Woodbois aims to increase its production and shipping capacity to 50 containers per month by late spring, signaling a strategic focus on overcoming logistics issues and resuming production.
More about Woodbois Limited
Woodbois Limited operates in the forestry and timber industry, focusing on emerging markets with operations primarily in Gabon. The company is involved in international logistics and sales, aiming to meet the growing demand for timber products.
YTD Price Performance: -1.03%
Average Trading Volume: 59,269,587
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.13M
For a thorough assessment of WBI stock, go to TipRanks’ Stock Analysis page.
