CleanTech Lithium (LON:CTL) Stock Price Up 7.4% – Should You Buy?

CleanTech Lithium Plc (LON:CTL)’s share price traded up 7.4% during trading on Thursday. The company traded as high as GBX 7.50 and last traded at GBX 7.25. 885,884 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,865,451 shares. The stock had previously closed at GBX 6.75.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 17 price target on shares of CleanTech Lithium in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 17.

CleanTech Lithium Trading Up 7.4%

The company has a 50 day simple moving average of GBX 6.18 and a 200 day simple moving average of GBX 6.83. The stock has a market capitalization of £26.48 million, a PE ratio of -4.53 and a beta of -0.79.

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.