CleanTech Lithium (LON:CTL) Trading Down 12.9% – Here’s What Happened

CleanTech Lithium Plc (LON:CTL)’s stock price was down 12.9% during mid-day trading on Wednesday . The company traded as low as GBX 6.50 and last traded at GBX 6.75. Approximately 886,393 shares were traded during trading, a decline of 46% from the average daily volume of 1,639,569 shares. The stock had previously closed at GBX 7.75.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 20 price target on shares of CleanTech Lithium in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 20.

CleanTech Lithium Trading Up 9.2%

The stock has a 50-day simple moving average of GBX 9.48 and a 200-day simple moving average of GBX 7.70. The company has a market cap of £15.05 million, a price-to-earnings ratio of 7.84 and a beta of -0.79.

About CleanTech Lithium

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.