Foremost Clean Energy (NASDAQ:FMST) Stock Price Up 5.1% – Time to Buy?

Foremost Clean Energy Ltd. (NASDAQ:FMST) shares were up 5.1% during mid-day trading on Thursday . The stock traded as high as $2.35 and last traded at $2.28. Approximately 264,406 shares traded hands during trading, an increase of 46% from the average daily volume of 181,107 shares. The stock had previously closed at $2.17.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Wednesday, October 8th. Wall Street Zen cut shares of Foremost Clean Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Foremost Clean Energy Stock Up 5.1%

The stock has a market capitalization of $32.47 million, a price-to-earnings ratio of -5.85 and a beta of 6.32. The company has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.83.

Foremost Clean Energy (NASDAQ:FMST) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter. Equities analysts anticipate that Foremost Clean Energy Ltd. will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Foremost Clean Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new position in Foremost Clean Energy in the 3rd quarter valued at about $172,000. Jane Street Group LLC purchased a new stake in shares of Foremost Clean Energy during the second quarter worth about $57,000. Finally, OneDigital Investment Advisors LLC raised its position in shares of Foremost Clean Energy by 35.7% in the third quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock valued at $55,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 0.13% of the company’s stock.

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.