CleanTech Lithium (LON:CTL) Given Speculative Buy Rating at Canaccord Genuity Group

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, September 17th, Digital Look reports. They presently have a GBX 17 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 127.12% from the stock’s previous close.

CleanTech Lithium Stock Performance

Shares of CTL traded up GBX 0.18 during trading hours on Thursday, hitting GBX 7.49. The company had a trading volume of 1,897,071 shares, compared to its average volume of 1,903,299. The firm has a fifty day moving average price of GBX 5.90 and a 200-day moving average price of GBX 7.14. The stock has a market capitalization of £27.33 million, a price-to-earnings ratio of -3.40 and a beta of -0.79. CleanTech Lithium has a 52-week low of GBX 4.50 and a 52-week high of GBX 17.75.

CleanTech Lithium Company Profile

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of ‘green’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a leading centre for battery grade lithium production.