Foremost Clean Energy (NASDAQ:FMST) Shares Down 3.7% – Time to Sell?

Foremost Clean Energy Ltd. (NASDAQ:FMST) shares were down 3.7% during trading on Thursday . The company traded as low as $1.27 and last traded at $1.30. Approximately 68,523 shares were traded during trading, a decline of 53% from the average session volume of 145,540 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

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

Foremost Clean Energy Trading Down 3.7%

The stock’s 50-day moving average is $1.55 and its 200-day moving average is $1.79. The company has a market cap of $22.55 million, a price-to-earnings ratio of -3.10 and a beta of 4.62.

Foremost Clean Energy (NASDAQ:FMST) last posted its quarterly earnings results on Monday, June 29th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01).

Institutional Trading of Foremost Clean Energy

Several large investors have recently made changes to their positions in FMST. Millennium Management LLC bought a new stake in Foremost Clean Energy in the 4th quarter valued at about $25,000. Jane Street Group LLC bought a new position in Foremost Clean Energy in the second quarter worth approximately $57,000. Engineers Gate Manager LP bought a new position in Foremost Clean Energy in the fourth quarter worth approximately $41,000. Virtu Financial LLC acquired a new stake in Foremost Clean Energy in the fourth quarter valued at approximately $50,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Foremost Clean Energy in the fourth quarter valued at approximately $63,000. 0.13% of the stock is currently owned by institutional investors and hedge funds.

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.