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

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 17 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 146.38% from the stock’s previous close.

CleanTech Lithium Stock Down 4.8%

LON:CTL traded down GBX 0.35 during mid-day trading on Tuesday, reaching GBX 6.90. 2,390,158 shares of the company were exchanged, compared to its average volume of 1,874,087. The company has a fifty day moving average of GBX 6.15 and a 200 day moving average of GBX 6.85. CleanTech Lithium has a 12 month low of GBX 4.50 and a 12 month high of GBX 17.75. The stock has a market cap of £25.20 million, a PE ratio of -4.31 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.