CleanTech Lithium (LON:CTL) Trading Up 4.3% – Still a Buy?

CleanTech Lithium Plc (LON:CTL)’s share price was up 4.3% on Thursday . The stock traded as high as GBX 6 and last traded at GBX 6. Approximately 751,666 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,931,742 shares. The stock had previously closed at GBX 5.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 17 target price on shares of CleanTech Lithium in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 17.

CleanTech Lithium Stock Performance

The company has a market capitalization of £20.09 million, a PE ratio of -2.50 and a beta of -0.79. The stock has a 50 day moving average price of GBX 5.68 and a two-hundred day moving average price of GBX 7.37.

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.