Foremost Clean Energy (NASDAQ:FMST) Shares Up 3.3% – Here’s Why

Foremost Clean Energy Ltd. (NASDAQ:FMST) shares traded up 3.3% during trading on Monday . The company traded as high as $1.6262 and last traded at $1.55. 54,515 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 105,190 shares. The stock had previously closed at $1.50.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings raised Foremost Clean Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research 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 report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Foremost Clean Energy Stock Performance

The firm has a market capitalization of $25.25 million, a P/E ratio of -4.70 and a beta of 4.57. The firm has a 50-day moving average of $1.71 and a 200-day moving average of $2.11.

Hedge Funds Weigh In On Foremost Clean Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMST. Millennium Management LLC bought a new position in Foremost Clean Energy in the 4th quarter valued at approximately $25,000. Engineers Gate Manager LP bought a new position in Foremost Clean Energy in the 4th quarter valued at approximately $41,000. Virtu Financial LLC bought a new position in Foremost Clean Energy in the 4th quarter valued at approximately $50,000. OneDigital Investment Advisors LLC lifted its position in Foremost Clean Energy by 35.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 19,000 shares of the company’s stock valued at $55,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Foremost Clean Energy in the 2nd quarter valued at approximately $57,000. 0.13% of the stock is owned by institutional investors.

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.