Foremost Clean Energy (NASDAQ:FMST) Shares Up 0.5% – Time to Buy?

Foremost Clean Energy Ltd. (NASDAQ:FMST)’s share price rose 0.5% on Friday. The stock traded as high as $0.7688 and last traded at $0.7233. 131,051 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 91,030 shares. The stock had previously closed at $0.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Foremost Clean Energy in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Foremost Clean Energy currently has an average rating of “Sell”.

Foremost Clean Energy Stock Performance

The firm has a market cap of $12.55 million, a price-to-earnings ratio of -1.72 and a beta of 4.56. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.52.

Foremost Clean Energy (NASDAQ:FMST) last released its quarterly earnings results on Monday, June 29th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01).

Foremost Clean Energy Company Profile

Foremost Clean Energy Ltd. is an exploration-stage company focused on the discovery and development of uranium and other clean-energy mineral resources in North America. The company does not currently operate producing mines; its activities center on acquiring, evaluating and advancing mineral properties through exploration, technical studies and permitting.

Foremost holds a portfolio of uranium exploration projects in Saskatchewan’s Athabasca Basin, one of the world’s prominent uranium-producing regions.