Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Sees Significant Growth in Short Interest

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 59,800 shares, a growth of 48.8% from the October 15th total of 40,200 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 6.6 days.

Foremost Lithium Resource & Technology Price Performance

Shares of FMST traded down $0.03 during midday trading on Friday, reaching $1.95. The stock had a trading volume of 10,215 shares, compared to its average volume of 22,593. The company’s fifty day simple moving average is $2.61 and its two-hundred day simple moving average is $2.68. Foremost Lithium Resource & Technology has a 1-year low of $1.90 and a 1-year high of $4.25. The company has a market cap of $14.22 million, a price-to-earnings ratio of -2.95 and a beta of 3.20.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Foremost Lithium Resource & Technology will post -0.42 earnings per share for the current year.

Foremost Lithium Resource & Technology Company Profile

Foremost Lithium Resource & Technology Ltd., an exploration stage company, engages in the hard-rock exploration and acquisition of lithium properties in Canada. Its lithium properties cover approximately 43,000 acres in Snow Lake, Manitoba, and hosts a Lac Simard South property in a lithium camp situated on approximately 11,400 acres in Quebec.