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

Posted by Stephan Jacobs on Mar 19th, 2025

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST – Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 70,600 shares, a decrease of 13.9% from the February 13th total of 82,000 shares. Based on an average daily trading volume, of 139,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Foremost Lithium Resource & Technology stock. Sprott Inc. acquired a new position in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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. Institutional investors own 0.13% of the company’s stock.

Foremost Lithium Resource & Technology Price Performance

Shares of FMST traded down $0.01 during mid-day trading on Wednesday, reaching $0.72. 31,978 shares of the company’s stock traded hands, compared to its average volume of 51,054. The stock has a market cap of $5.27 million, a P/E ratio of -1.00 and a beta of 2.63. The stock’s 50-day moving average is $1.10 and its two-hundred day moving average is $1.82. Foremost Lithium Resource & Technology has a 12 month low of $0.55 and a 12 month high of $3.48.

Foremost Lithium Resource & Technology (NASDAQ:FMST – Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). Research analysts predict that Foremost Lithium Resource & Technology will post -0.58 earnings per share for the current year.

About Foremost Lithium Resource & Technology

(Get Free Report)

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.