08:55 AM EDT, 05/24/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) advancing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.6%. The Buckle (BKE) shares were down more than 1% after the company reported lower fiscal Q1 earnings and net sales. ...

Akanda Corp. ( AKAN ) shares are skyrocketing in the premarket session on Friday.  The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing. After the reverse stock split, every 40 shares of the company’s issued and outstanding ordinary shares will automatically be converted into one issued and outstanding ordinary share. The...

08:54 AM EDT, 05/24/2024 (MT Newswires) -- Juggernaut Exploration ( JUGRF ) is raising $3.3 million in a private placement financing to fund a 5,000-meter drill program on the Bingo and Midas copper-gold properties in British Columbia. The company said it has received conditional approval from the TSX Venture Exchange for the private placement. The offering comprises 27,395,871 units priced...

08:56 AM EDT, 05/24/2024 (MT Newswires) -- Shell's (SHEL) downstream assets in South Africa may attract bids from Abu Dhabi National Oil Co. and Aramco, Bloomberg News reported Friday, citing unnamed sources familiar with the matter. South Africa's Sasol is also separately mulling an offer for the business, which may be valued at more than $800 million, the report added....