Foremost Clean Energy (NASDAQ:FMST) Posts Earnings Results

Foremost Clean Energy (NASDAQ:FMST) announced its earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01), Zacks reports.

Foremost Clean Energy Stock Performance

NASDAQ FMST opened at $1.46 on Wednesday. Foremost Clean Energy has a 52-week low of $1.41 and a 52-week high of $4.57. The company has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $1.97. The company has a market capitalization of $23.97 million, a PE ratio of -4.42 and a beta of 4.57.

Analyst Ratings Changes

Several research firms have weighed in on FMST. Wall Street Zen raised shares of Foremost Clean Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Foremost Clean Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Foremost Clean Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMST. LPL Financial LLC boosted its holdings in shares of Foremost Clean Energy by 36.1% in the fourth quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock worth $64,000 after acquiring an additional 8,016 shares during the period. Millennium Management LLC purchased a new position in Foremost Clean Energy during the fourth quarter valued at approximately $25,000. Jane Street Group LLC bought a new stake in Foremost Clean Energy during the 2nd quarter worth approximately $57,000. Engineers Gate Manager LP purchased a new position in Foremost Clean Energy during the fourth quarter worth about $41,000. Finally, Virtu Financial LLC bought a new position in Foremost Clean Energy in the 4th quarter worth about $50,000. Institutional investors own 0.13% of the company’s stock.

Foremost Clean Energy 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. The company was founded on July 7, 2005 and is headquartered in Vancouver, Canada.