Foremost Clean Energy (NASDAQ:FMST) Stock Price Down 3.7% – Here’s What Happened

Foremost Clean Energy Ltd. (NASDAQ:FMST)’s stock price was down 3.7% on Thursday . The company traded as low as $1.27 and last traded at $1.30. 68,523 shares traded hands during trading, a decline of 53% from the average session volume of 145,540 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Foremost Clean Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Foremost Clean Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Foremost Clean Energy currently has an average rating of “Sell”.

Foremost Clean Energy Stock Down 3.1%

The stock has a market cap of $21.86 million, a PE ratio of -3.00 and a beta of 4.62. The stock has a 50-day moving average of $1.55 and a 200 day moving average of $1.79.

Foremost Clean Energy (NASDAQ:FMST) last issued its earnings results on Monday, June 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01).

Hedge Funds Weigh In On Foremost Clean Energy

A number of hedge funds have recently made changes to their positions in FMST. Jane Street Group LLC acquired a new stake in shares of Foremost Clean Energy in the second quarter valued at $57,000. Two Sigma Investments LP purchased a new position in Foremost Clean Energy during the 3rd quarter valued at about $172,000. Goldman Sachs Group Inc. purchased a new position in Foremost Clean Energy during the 4th quarter valued at about $63,000. LPL Financial LLC grew its position in Foremost Clean Energy by 36.1% in the 4th quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock valued at $64,000 after acquiring an additional 8,016 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Foremost Clean Energy in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors 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.