Foremost Clean Energy (NASDAQ:FMST) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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

Foremost Clean Energy Stock Down 3.3%

Shares of Foremost Clean Energy stock opened at $1.46 on Wednesday. The firm’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.97. Foremost Clean Energy has a 12-month low of $1.41 and a 12-month high of $4.57. The company has a market capitalization of $23.97 million, a price-to-earnings ratio of -4.42 and a beta of 4.57.

Institutional Trading of Foremost Clean Energy

A number of hedge funds have recently bought and sold shares of FMST. Jane Street Group LLC raised its stake in Foremost Clean Energy by 135.2% in the 4th quarter. Jane Street Group LLC now owns 71,962 shares of the company’s stock valued at $153,000 after acquiring an additional 41,372 shares during the period. Two Sigma Investments LP purchased a new position in shares of Foremost Clean Energy in the third quarter valued at about $172,000. XTX Topco Ltd purchased a new position in Foremost Clean Energy during the 4th quarter valued at $66,000. LPL Financial LLC lifted its position in Foremost Clean Energy by 36.1% during the fourth quarter. LPL Financial LLC now owns 30,194 shares of the company’s stock valued at $64,000 after buying an additional 8,016 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in Foremost Clean Energy in the fourth quarter worth $63,000. 0.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.