Short Interest in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Declines By 13.9%

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. Based on an average daily trading volume, of 139,400 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the company’s stock are short sold.

Foremost Lithium Resource & Technology Stock Down 2.0 %

FMST stock traded down $0.02 during midday trading on Thursday, hitting $0.73. 2,321 shares of the company traded hands, compared to its average volume of 51,029. The business has a 50 day simple moving average of $1.09 and a 200-day simple moving average of $1.81. Foremost Lithium Resource & Technology has a twelve month low of $0.55 and a twelve month high of $3.48. The stock has a market capitalization of $5.29 million, a price-to-earnings ratio of -1.01 and a beta of 2.63.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last released its earnings results on Wednesday, February 12th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Equities research analysts forecast that Foremost Lithium Resource & Technology will post -0.58 EPS for the current year.

Hedge Funds 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned 2.29% of Foremost Lithium Resource & Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 0.13% of the company’s stock.

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.