CleanTech Lithium (LON:CTL) Shares Down 1.4% – Here’s Why

Shares of CleanTech Lithium Plc (LON:CTL) dropped 1.4% on Thursday . The company traded as low as GBX 5 and last traded at GBX 5.17. Approximately 142,862 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 2,146,196 shares. The stock had previously closed at GBX 5.25.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 17 price objective on shares of CleanTech Lithium in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 17.

CleanTech Lithium Stock Up 4.8%

The business has a 50 day simple moving average of GBX 5.93 and a two-hundred day simple moving average of GBX 7.95. The firm has a market cap of £19.96 million, a PE ratio of -2.50 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.