Prospector Metals Corp. has completed a return of capital by distributing its entire 29.4 million shares of Lightning Resource Corp. to its own shareholders, effectively ending its ownership in Lightning. This distribution was made at a deemed price of $0.52 per Lightning share, with fractional shares rounded down. Following the transaction, Prospector holds no shares in Lightning, while B2Gold's stake in Lightning increased to approximately 24.44%. Prospector currently has no plans to reacquire shares but may consider future transactions depending on market conditions. This move allows Prospector to focus on its core exploration projects while Lightning continues advancing its mineral exploration portfolio.
Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to ...
New Jersey American Water received approval for rate increases that will add $68 million annually to its revenue. This funding supports over $1.4 billion in critical infrastructure upgrades, including replacing aging water mains and improving treatme...
MoneyHero Limited reported Q3 2026 earnings with an EPS of -$0.03 and revenue of $15.75 million, missing analyst estimates. The company is shifting strategy to offer more cash rewards to attract users, which has lowered immediate revenue and resulted...
Ryde Group Ltd faces a class action lawsuit after its stock price collapsed following a suspected fraudulent pump-and-dump scheme. The complaint alleges that the company and insiders used social media misinformation and offshore accounts to inflate t...
Restaurant Brands International (RBI) announced it will renew its normal course issuer bid, allowing it to repurchase up to $1 billion of its common shares through September 30, 2027. The company can buy up to 34.4 million shares, about 10% of its pu...
