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

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) saw a significant increase in short interest during 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 trading volume of 9,000 shares, the short-interest ratio is presently 6.6 days. Approximately 1.7% of the shares of the stock are short sold.

Foremost Lithium Resource & Technology Stock Down 1.5 %

Shares of NASDAQ:FMST traded down $0.03 during trading on Friday, reaching $1.95. The stock had a trading volume of 10,215 shares, compared to its average volume of 22,593. The business has a fifty day moving average price of $2.61 and a 200-day moving average price of $2.68. The stock has a market cap of $14.22 million, a P/E ratio of -2.95 and a beta of 3.20. Foremost Lithium Resource & Technology has a fifty-two week low of $1.90 and a fifty-two week high of $4.25.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. As a group, equities analysts forecast that Foremost Lithium Resource & Technology will post -0.42 EPS for the current 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.