CleanTech Lithium (LON:CTL) Trading Down 3.1% – Should You Sell?

CleanTech Lithium Plc (LON:CTL)’s share price traded down 3.1% during trading on Thursday . The stock traded as low as GBX 7.60 and last traded at GBX 7.90. 1,311,176 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 1,347,419 shares. The stock had previously closed at GBX 8.15.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 20 price target on shares of CleanTech Lithium in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, CleanTech Lithium has an average rating of “Buy” and an average target price of GBX 20.

CleanTech Lithium Stock Down 3.1%

The stock has a market capitalization of £16.13 million, a P/E ratio of 8.40 and a beta of -0.79. The business has a fifty day moving average price of GBX 8.02 and a 200-day moving average price of GBX 8.17.

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.