CleanTech Lithium (LON:CTL) Stock Jumps 6.3% – What’s Next?

Shares of CleanTech Lithium Plc (LON:CTL) rose 6.3% during mid-day trading on Wednesday. The company traded as high as GBX 7.50 and last traded at GBX 7.17. 1,177,068 shares traded hands during trading, a decline of 33% from the average daily volume of 1,765,290 shares. The stock had previously closed at GBX 6.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 17 price target on shares of CleanTech Lithium in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, CleanTech Lithium has an average rating of “Buy” and an average price target of GBX 17.

CleanTech Lithium Stock Down 6.2%

The business’s 50-day simple moving average is GBX 6.81 and its two-hundred day simple moving average is GBX 7.52. The stock has a market cap of £25.69 million, a P/E ratio of -4.40 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.