Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Sees Significant Growth in Short Interest

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 59,800 shares, an increase of 48.8% from the October 15th total of 40,200 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 1.7% of the company’s shares are sold short.

Foremost Lithium Resource & Technology Stock Down 1.5 %

FMST traded down $0.03 during trading hours on Friday, reaching $1.95. 10,215 shares of the company’s stock traded hands, compared to its average volume of 22,593. Foremost Lithium Resource & Technology has a 52-week low of $1.90 and a 52-week high of $4.25. The firm has a market capitalization of $14.22 million, a PE ratio of -2.95 and a beta of 3.20. The firm has a 50-day moving average price of $2.61 and a 200 day moving average price of $2.68.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. Equities analysts predict that Foremost Lithium Resource & Technology will post -0.42 EPS for the current fiscal year.

Foremost Lithium Resource & Technology Company Profile

Foremost Lithium Resource & Technology Ltd., an exploration stage company, engages in the hard-rock exploration and acquisition of lithium properties in Canada. Its lithium properties cover approximately 43,000 acres in Snow Lake, Manitoba, and hosts a Lac Simard South property in a lithium camp situated on approximately 11,400 acres in Quebec.