METS

Boart sees some light in the tunnel

Salt Lake City-headquartered Boart Longyear said this week it had added a handful of new drill rigs to a global fleet that shrunk last year by 19%. The penny stock that continues to trade on the ASX (BLY) after last year’s massive debt-for-equity debt restructuring says “expanding exploration budgets” have spurred rig purchases in the Americas and Africa.