Foremost Lithium Resource & Technology (NASDAQ:FMSTW) Stock Price Down 9.4% – Here’s What Happened

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMSTWGet Free Report)’s stock price traded down 9.4% during trading on Wednesday . The company traded as low as $0.83 and last traded at $0.9960. 25,081 shares were traded during trading, an increase of 357% from the average session volume of 5,488 shares. The stock had previously closed at $1.0999.

Foremost Lithium Resource & Technology Price Performance

The stock has a fifty day moving average price of $0.89 and a two-hundred day moving average price of $0.74.

Foremost Lithium Resource & Technology Company Profile

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Foremost Lithium Resource & Technology, Inc is a special purpose acquisition company incorporated in Delaware. Its primary objective is to identify and complete a business combination with one or more operating businesses in the lithium resources and technology sectors. The company focuses on opportunities throughout the lithium value chain, including exploration, mining, refining and advanced processing technologies that support the electrification and energy storage markets.

Since its initial public offering, Foremost Lithium Resource & Technology has sought to leverage increasing global demand for battery-grade lithium sourced from both hard-rock and brine deposits.

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