Foremost Clean Energy (NASDAQ:FMST) Shares Down 2% – Time to Sell?

Foremost Clean Energy Ltd. (NASDAQ:FMST)’s share price was down 2% during trading on Thursday . The stock traded as low as $0.9801 and last traded at $1.00. Approximately 73,034 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 83,509 shares. The stock had previously closed at $1.02.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FMST shares. Wall Street Zen upgraded Foremost Clean Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Foremost Clean Energy Stock Down 4.0%

The company has a fifty day moving average price of $1.42 and a 200-day moving average price of $1.68. The stock has a market capitalization of $16.62 million, a P/E ratio of -2.28 and a beta of 4.56.

Foremost Clean Energy (NASDAQ:FMST) last announced its quarterly earnings results on Monday, June 29th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01).

Institutional Investors Weigh In On Foremost Clean Energy

Several large investors have recently bought and sold shares of FMST. Millennium Management LLC bought a new position in shares of Foremost Clean Energy in the 4th quarter valued at about $25,000. Engineers Gate Manager LP bought a new stake in shares of Foremost Clean Energy in the 4th quarter valued at approximately $41,000. Virtu Financial LLC purchased a new position in shares of Foremost Clean Energy in the 4th quarter worth approximately $50,000. Jane Street Group LLC purchased a new position in shares of Foremost Clean Energy in the 2nd quarter worth approximately $57,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Foremost Clean Energy during the 4th quarter valued at approximately $63,000. Institutional investors 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.