Foremost Clean Energy (NASDAQ:FMST) Announces Earnings Results

Foremost Clean Energy (NASDAQ:FMST) issued its quarterly earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01), Zacks reports.

Foremost Clean Energy Stock Down 3.3%

Shares of FMST opened at $1.46 on Wednesday. Foremost Clean Energy has a twelve month low of $1.41 and a twelve month high of $4.57. The stock has a market capitalization of $23.97 million, a P/E ratio of -4.42 and a beta of 4.57. The company has a 50 day moving average of $1.64 and a 200-day moving average of $1.97.

Analysts Set New Price Targets

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

Institutional Trading of Foremost Clean Energy

A number of hedge funds and other institutional investors have recently modified their holdings of FMST. XTX Topco Ltd acquired a new stake in Foremost Clean Energy in the fourth quarter valued at $66,000. Jane Street Group LLC boosted its position in shares of Foremost Clean Energy by 135.2% in the fourth quarter. Jane Street Group LLC now owns 71,962 shares of the company’s stock valued at $153,000 after acquiring an additional 41,372 shares during the period. Two Sigma Investments LP bought a new stake in shares of Foremost Clean Energy in the third quarter valued at approximately $172,000. Virtu Financial LLC acquired a new position in Foremost Clean Energy in the 4th quarter valued at $50,000. Finally, LPL Financial LLC boosted its position in shares of Foremost Clean Energy by 36.1% during the 4th quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock worth $64,000 after acquiring an additional 8,016 shares in the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.

About Foremost Clean Energy

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.