CleanTech Lithium’s (CTL) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of CleanTech Lithium (LON:CTL) in a research report sent to investors on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 17 target price on the stock.

CleanTech Lithium Price Performance

Shares of CleanTech Lithium stock opened at GBX 7.25 on Tuesday. The company has a 50-day moving average of GBX 6.22 and a 200 day moving average of GBX 6.80. The firm has a market cap of £26.48 million, a price-to-earnings ratio of -4.53 and a beta of -0.79. CleanTech Lithium has a 1 year low of GBX 4.50 and a 1 year 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.