Sprott Inc. Takes Position in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST)

Sprott Inc. acquired a new stake in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned 2.29% of Foremost Lithium Resource & Technology at the end of the most recent quarter.

Foremost Lithium Resource & Technology Stock Performance

Shares of Foremost Lithium Resource & Technology stock opened at $0.84 on Thursday. The stock has a 50 day moving average of $1.31 and a 200 day moving average of $2.03. The firm has a market capitalization of $6.11 million, a price-to-earnings ratio of -1.16 and a beta of 2.32. Foremost Lithium Resource & Technology Ltd. has a fifty-two week low of $0.75 and a fifty-two week high of $3.50.

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

Foremost Lithium Resource & Technology 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.