Foremost Clean Energy (NASDAQ:FMST) Posts Quarterly Earnings Results

Foremost Clean Energy (NASDAQ:FMST) issued its quarterly earnings data on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, Zacks reports.

Foremost Clean Energy Stock Down 4.2%

FMST traded down $0.10 during trading on Wednesday, hitting $2.30. The company’s stock had a trading volume of 206,225 shares, compared to its average volume of 293,962. Foremost Clean Energy has a twelve month low of $0.55 and a twelve month high of $5.74. The stock’s fifty day moving average price is $2.40 and its 200-day moving average price is $2.80. The firm has a market capitalization of $32.75 million, a P/E ratio of -5.90 and a beta of 6.33.

Analyst Ratings Changes

A number of analysts have weighed in on FMST shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Foremost Clean Energy in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Foremost Clean Energy

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Foremost Clean Energy during the second quarter worth $57,000. Goldman Sachs Group Inc. acquired a new position in shares of Foremost Clean Energy during the fourth quarter valued at about $63,000. LPL Financial LLC raised its holdings in shares of Foremost Clean Energy by 36.1% during the fourth quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock valued at $64,000 after purchasing an additional 8,016 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Foremost Clean Energy during the 3rd quarter worth about $172,000. 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.