Foremost Clean Energy (NASDAQ:FMST) Announces Earnings Results

Foremost Clean Energy (NASDAQ:FMST) announced its earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, Zacks reports.

Foremost Clean Energy Stock Down 7.0%

NASDAQ FMST traded down $0.17 during trading on Friday, hitting $2.26. The stock had a trading volume of 276,920 shares, compared to its average volume of 344,849. The firm has a 50 day moving average price of $3.19 and a 200 day moving average price of $2.96. Foremost Clean Energy has a twelve month low of $0.55 and a twelve month high of $5.74. The company has a market capitalization of $27.35 million, a PE ratio of -5.79 and a beta of 6.15.

Hedge Funds Weigh In On Foremost Clean Energy

An institutional investor recently bought a new position in Foremost Clean Energy stock. Jane Street Group LLC bought a new stake in Foremost Clean Energy Ltd. (NASDAQ:FMST) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,279 shares of the company’s stock, valued at approximately $57,000. Jane Street Group LLC owned 0.14% of Foremost Clean Energy at the end of the most recent quarter. Institutional investors own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Foremost Clean Energy currently has a consensus rating of “Sell”.

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.