CleanTech Lithium Plc (LON:CTL – Get Free Report)’s stock price fell 18.6% during trading on Friday. The company traded as low as GBX 5.50 and last traded at GBX 5.70. Approximately 6,004,914 shares traded hands during mid-day trading, an increase of 244% from the average session volume of 1,745,903 shares. The stock had previously closed at GBX 7.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 17 price objective on shares of CleanTech Lithium in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 17.
Check Out Our Latest Analysis on CTL
CleanTech Lithium Trading Down 18.6%
The stock has a fifty day moving average of GBX 6.91 and a two-hundred day moving average of GBX 7.45. The company has a market capitalization of £20.82 million, a PE ratio of -3.56 and a beta of -0.79.
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.
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