Foremost Clean Energy (NASDAQ:FMST) Stock Price Up 5.1% – Here’s Why
by Michael Walen · The Markets DailyForemost Clean Energy Ltd. (NASDAQ:FMST – Get Free Report)’s stock price shot up 5.1% on Thursday . The company traded as high as $2.35 and last traded at $2.28. 264,406 shares were traded during trading, an increase of 46% from the average session volume of 181,107 shares. The stock had previously closed at $2.17.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Foremost Clean Energy in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Foremost Clean Energy has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Foremost Clean Energy
Foremost Clean Energy Stock Up 3.9%
The stock has a market capitalization of $33.75 million, a price-to-earnings ratio of -6.08 and a beta of 6.32. The company has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.83.
Foremost Clean Energy (NASDAQ:FMST – Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter. As a group, sell-side analysts anticipate that Foremost Clean Energy Ltd. will post -0.58 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Foremost Clean Energy
Several institutional investors have recently made changes to their positions in FMST. OneDigital Investment Advisors LLC increased its position in Foremost Clean Energy by 35.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock valued at $55,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC bought a new position in Foremost Clean Energy in the second quarter worth approximately $57,000. Finally, Two Sigma Investments LP acquired a new stake in Foremost Clean Energy in the third quarter valued at approximately $172,000. Institutional investors and hedge funds own 0.13% of the company’s stock.
Foremost Clean Energy Company Profile
Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.