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

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 17 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 139.44% from the company’s previous close.

CleanTech Lithium Trading Down 2.1%

Shares of CleanTech Lithium stock opened at GBX 7.10 on Tuesday. The company has a 50-day moving average of GBX 6.22 and a two-hundred day moving average of GBX 6.80. CleanTech Lithium has a 12-month low of GBX 4.50 and a 12-month high of GBX 17.75. The stock has a market cap of £25.93 million, a PE ratio of -4.44 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.