Foremost Clean Energy (NASDAQ:FMST) Trading Down 5.2% – Here’s Why

Foremost Clean Energy Ltd. (NASDAQ:FMST)’s stock price was down 5.2% during mid-day trading on Tuesday . The stock traded as low as $1.61 and last traded at $1.63. Approximately 289,603 shares were traded during trading, an increase of 111% from the average daily volume of 137,514 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Foremost Clean Energy Stock Down 5.2%

The company has a market cap of $23.78 million, a P/E ratio of -4.94 and a beta of 5.94. The firm has a 50 day moving average of $2.07 and a 200-day moving average of $2.55.

Foremost Clean Energy (NASDAQ:FMST) last posted its earnings results on Wednesday, February 11th. The company reported ($0.10) earnings per share for the quarter. On average, research analysts predict that Foremost Clean Energy Ltd. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FMST. Millennium Management LLC acquired a new position in Foremost Clean Energy in the fourth quarter valued at approximately $25,000. Jane Street Group LLC purchased a new stake in shares of Foremost Clean Energy during the second quarter worth $57,000. OneDigital Investment Advisors LLC increased its position in shares of Foremost Clean Energy by 35.7% during the third quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock worth $55,000 after acquiring an additional 5,000 shares during the period. Engineers Gate Manager LP purchased a new position in Foremost Clean Energy in the fourth quarter valued at $41,000. Finally, Virtu Financial LLC purchased a new position in Foremost Clean Energy in the fourth quarter valued at $50,000. 0.13% of the stock is currently owned by institutional investors and hedge funds.

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.