Canaccord Genuity Group Reaffirms Speculative Buy Rating for CleanTech Lithium (LON:CTL)

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Tuesday, Digital Look reports. They presently have a GBX 17 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 134.55% from the company’s previous close.

CleanTech Lithium Price Performance

LON CTL traded down GBX 0 on Tuesday, hitting GBX 7.25. 1,430,876 shares of the company’s stock were exchanged, compared to its average volume of 1,861,000. The firm’s 50-day moving average price is GBX 6.26 and its two-hundred day moving average price is GBX 6.81. CleanTech Lithium has a fifty-two week low of GBX 4.50 and a fifty-two week high of GBX 17.75. The firm has a market cap of £26.47 million, a price-to-earnings 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.