Canaccord Genuity Group Reaffirms Speculative Buy Rating for CleanTech Lithium (LON:CTL)

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 17 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 134.55% from the stock’s current price.

CleanTech Lithium Stock Performance

CleanTech Lithium stock opened at GBX 7.25 on Tuesday. The company has a market capitalization of £26.47 million, a PE ratio of -4.53 and a beta of -0.79. The company has a 50 day moving average price of GBX 6.26 and a 200-day moving average price of GBX 6.78. CleanTech Lithium has a fifty-two week low of GBX 4.50 and a fifty-two week high of GBX 17.75.

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.