CleanTech Lithium (LON:CTL) Stock Price Up 1% – Should You Buy?

CleanTech Lithium Plc (LON:CTL) shares rose 1% during mid-day trading on Thursday . The company traded as high as GBX 5.20 and last traded at GBX 5.03. 831,860 shares were traded during trading, a decline of 65% from the average daily volume of 2,347,301 shares. The stock had previously closed at GBX 4.97.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 17 price target on shares of CleanTech Lithium in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 17.

CleanTech Lithium Price Performance

The stock has a market cap of £15.48 million, a PE ratio of -2.28 and a beta of -0.79. The business has a fifty day moving average of GBX 6.72 and a 200-day moving average of GBX 8.26.

About CleanTech Lithium

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.