CleanTech Lithium (LON:CTL) Given “Speculative Buy” Rating at Canaccord Genuity Group

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 17 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 134.48% from the company’s current price.

CleanTech Lithium Stock Up 7.4%

CTL opened at GBX 7.25 on Tuesday. The company 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 52-week low of GBX 4.50 and a 52-week high of GBX 17.75. The firm’s fifty day simple moving average is GBX 6.22 and its two-hundred day simple moving average is GBX 6.80.

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.