CleanTech Lithium (LON:CTL) Earns Speculative Buy Rating from Canaccord Genuity Group

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reissued by equities research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 17 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 153.35% from the company’s current price.

CleanTech Lithium Trading Down 7.4%

LON CTL traded down GBX 0.54 during trading hours on Tuesday, hitting GBX 6.71. 2,064,558 shares of the company’s stock were exchanged, compared to its average volume of 1,872,400. The firm has a market cap of £24.50 million, a price-to-earnings ratio of -4.19 and a beta of -0.79. The stock has a 50-day simple moving average of GBX 6.15 and a 200 day simple moving average of GBX 6.85. CleanTech Lithium has a 1-year low of GBX 4.50 and a 1-year high of GBX 17.75.

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.