Foremost Clean Energy (NASDAQ:FMST) Releases Earnings Results

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

Foremost Clean Energy Price Performance

NASDAQ FMST traded down $0.10 during trading hours on Wednesday, reaching $2.30. 206,225 shares of the stock traded hands, compared to its average volume of 293,962. The company has a market cap of $32.75 million, a price-to-earnings ratio of -5.90 and a beta of 6.33. Foremost Clean Energy has a 1 year low of $0.55 and a 1 year high of $5.74. The stock has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.80.

Institutional Investors Weigh In On Foremost Clean Energy

Several institutional investors have recently added to or reduced their stakes in FMST. Jane Street Group LLC bought a new position in Foremost Clean Energy in the second quarter worth about $57,000. Goldman Sachs Group Inc. purchased a new position in shares of Foremost Clean Energy during the fourth quarter valued at approximately $63,000. LPL Financial LLC boosted its holdings in Foremost Clean Energy by 36.1% in the fourth 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. Finally, Two Sigma Investments LP bought a new position in Foremost Clean Energy in the 3rd quarter worth about $172,000. Hedge funds and other institutional investors own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

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

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.