Foremost Lithium Resource & Technology (NASDAQ:FMST) Trading Down 3.8% – Here’s What Happened

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST)’s stock price dropped 3.8% during trading on Wednesday . The company traded as low as $0.60 and last traded at $0.65. Approximately 68,170 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 51,920 shares. The stock had previously closed at $0.68.

Foremost Lithium Resource & Technology Price Performance

The stock has a market capitalization of $4.77 million, a P/E ratio of -0.91 and a beta of 2.11. The company’s 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $1.54.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.16) EPS for the quarter, hitting analysts’ consensus estimates of ($0.16). On average, research analysts anticipate that Foremost Lithium Resource & Technology Ltd. will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Foremost Lithium Resource & Technology

An institutional investor recently bought a new position in Foremost Lithium Resource & Technology stock. Sprott Inc. acquired a new position in shares of Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned about 2.29% of Foremost Lithium Resource & Technology as of its most recent SEC filing. 0.13% of the stock is currently owned by institutional investors.

Foremost Lithium Resource & Technology 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.