Foremost Clean Energy Ltd (NASDAQ:FMST) price on Friday, May 23, rose 0.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.62.
A look at the stock’s price movement, the close in the last trading session was $2.60. Turning to its 52-week performance, $3.30 and $0.55 were the 52-week high and 52-week low respectively. Overall, FMST moved 270.58% over the past month.
Foremost Clean Energy Ltd’s market cap currently stands at around $27.09 million, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FMST is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
FMST’s current price about 69.43% and 146.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 77.40, while 7-day volatility ratio is 11.82% and 13.06% in the 30-day chart. Further, Foremost Clean Energy Ltd (FMST) has a beta value of 1.43, and an average true range (ATR) of 0.31.
If we refocus on Foremost Clean Energy Ltd (NASDAQ:FMST), historical trading data shows that trading volumes averaged 259.53K over the past 3 months. The company’s latest data on shares outstanding shows there are 10.34 million shares.
The 26.32% of Foremost Clean Energy Ltd’s shares are in the hands of company insiders while institutional holders own 2.45% of the company’s shares. Current price change has pushed the stock 89.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FMST stock continues to rise going into the next quarter.
