Foremost Clean Energy (NASDAQ:FMST) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Foremost Clean Energy (NASDAQ:FMST) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Foremost Clean Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Foremost Clean Energy has a consensus rating of “Sell”.

Foremost Clean Energy Stock Up 2.8%

Shares of Foremost Clean Energy stock opened at $2.19 on Friday. The stock’s fifty day moving average is $3.11 and its 200-day moving average is $3.02. The firm has a market capitalization of $31.19 million, a PE ratio of -5.62 and a beta of 6.15. Foremost Clean Energy has a 12-month low of $0.55 and a 12-month high of $5.74.

Foremost Clean Energy (NASDAQ:FMST) last released its earnings results on Thursday, November 13th. The company reported ($0.15) earnings per share for the quarter. Analysts expect that Foremost Clean Energy will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new position in Foremost Clean Energy in the third quarter valued at $172,000. OneDigital Investment Advisors LLC boosted its position in shares of Foremost Clean Energy by 35.7% during 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. Jane Street Group LLC purchased a new stake in shares of Foremost Clean Energy in the second quarter valued at about $57,000. Finally, Fulton Bank N.A. bought a new position in shares of Foremost Clean Energy in the second quarter valued at approximately $66,000. 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.