Short Interest in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Rises By 48.8%

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) was the target of a large 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 daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 1.7% of the shares of the company 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. 10,215 shares of the company traded hands, compared to its average volume of 22,593. The firm has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $2.68. Foremost Lithium Resource & Technology has a 52-week low of $1.90 and a 52-week high of $4.25. The stock has a market capitalization of $14.22 million, a PE ratio of -2.95 and a beta of 3.20.

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

About Foremost Lithium Resource & Technology

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.