Foremost Lithium Resource & Technology (NASDAQ:FMST) Rating Increased to Sell at Wall Street Zen

Foremost Lithium Resource & Technology (NASDAQ:FMST) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

Foremost Lithium Resource & Technology Price Performance

FMST opened at $3.67 on Friday. The stock has a market capitalization of $38.33 million, a P/E ratio of -5.10 and a beta of 6.82. The company’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.46. Foremost Lithium Resource & Technology has a one year low of $0.55 and a one year high of $5.74.

Institutional Trading of Foremost Lithium Resource & Technology

A hedge fund recently bought a new stake in Foremost Lithium Resource & Technology stock. Sprott Inc. purchased a new position in shares of Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned about 2.29% of Foremost Lithium Resource & Technology at the end of the most recent reporting period. Institutional investors and hedge funds own 0.13% of the company’s stock.

About Foremost Lithium Resource & Technology

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.