CleanTech Lithium (LON:CTL) Trading Up 2.9% – Here’s Why

CleanTech Lithium Plc (LON:CTL)’s share price was up 2.9% on Thursday . The company traded as high as GBX 9 and last traded at GBX 9. Approximately 527,074 shares traded hands during trading, a decline of 69% from the average daily volume of 1,706,933 shares. The stock had previously closed at GBX 8.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 20 price objective on shares of CleanTech Lithium in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 20.

CleanTech Lithium Stock Performance

The stock has a market cap of £17.86 million, a P/E ratio of 9.36 and a beta of -0.79. The firm has a 50 day simple moving average of GBX 8.11 and a two-hundred day simple moving average of GBX 6.46.

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.