Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Short Interest Update

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 70,600 shares, a decline of 13.9% from the February 13th total of 82,000 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 139,400 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Foremost Lithium Resource & Technology

A hedge fund recently bought a new stake in Foremost Lithium Resource & Technology stock. Sprott Inc. purchased a new stake in shares of Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned approximately 2.29% of Foremost Lithium Resource & Technology as of its most recent SEC filing. 0.13% of the stock is currently owned by institutional investors and hedge funds.

Foremost Lithium Resource & Technology Price Performance

Shares of NASDAQ FMST traded down $0.02 during midday trading on Thursday, hitting $0.73. 2,321 shares of the company’s stock were exchanged, compared to its average volume of 51,029. Foremost Lithium Resource & Technology has a twelve month low of $0.55 and a twelve month high of $3.48. The firm has a market cap of $5.29 million, a P/E ratio of -1.01 and a beta of 2.63. The stock’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.81.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last announced its earnings results on Wednesday, February 12th. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). On average, analysts expect that Foremost Lithium Resource & Technology will post -0.58 EPS for the current fiscal year.

Foremost Lithium Resource & Technology 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.