CleanTech Lithium’s (CTL) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of CleanTech Lithium (LON:CTL) in a report released on Tuesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 17 target price on the stock.

CleanTech Lithium Stock Up 3.4%

LON CTL opened at GBX 7.50 on Tuesday. CleanTech Lithium has a 52 week low of GBX 4.50 and a 52 week high of GBX 17.75. The business has a 50 day moving average price of GBX 6.15 and a 200-day moving average price of GBX 6.85. The company has a market cap of £27.39 million, a price-to-earnings ratio of -3.41 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.