Foremost Clean Energy (NASDAQ:FMST) Issues Earnings Results, Misses Estimates By $0.01 EPS

Foremost Clean Energy (NASDAQ:FMST) released its earnings results on Monday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01), Zacks reports.

Foremost Clean Energy Price Performance

Shares of FMST stock opened at $1.46 on Wednesday. The company has a fifty day moving average price of $1.64 and a two-hundred day moving average price of $1.97. Foremost Clean Energy has a one year low of $1.41 and a one year high of $4.57. The stock has a market cap of $23.97 million, a P/E ratio of -4.42 and a beta of 4.57.

Analyst Ratings Changes

FMST has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Foremost Clean Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded Foremost Clean Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Foremost Clean Energy

A number of institutional investors and hedge funds have recently modified their holdings of FMST. LPL Financial LLC grew its holdings in Foremost Clean Energy by 36.1% during the fourth quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock worth $64,000 after purchasing an additional 8,016 shares during the period. Millennium Management LLC bought a new stake in Foremost Clean Energy in the fourth quarter valued at approximately $25,000. Jane Street Group LLC acquired a new stake in shares of Foremost Clean Energy in the second quarter valued at approximately $57,000. Engineers Gate Manager LP bought a new position in shares of Foremost Clean Energy during the 4th quarter worth approximately $41,000. Finally, Virtu Financial LLC acquired a new position in shares of Foremost Clean Energy during the 4th quarter worth approximately $50,000. 0.13% of the stock is owned by institutional investors.

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.