CleanTech Lithium (LON:CTL) Shares Down 11.6% – Should You Sell?

CleanTech Lithium Plc (LON:CTL)’s share price traded down 11.6% during mid-day trading on Tuesday . The stock traded as low as GBX 8.20 and last traded at GBX 8.40. 386,749 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,565,180 shares. The stock had previously closed at GBX 9.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 20 price target on shares of CleanTech Lithium in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, CleanTech Lithium has an average rating of “Buy” and a consensus price target of GBX 20.

CleanTech Lithium Stock Performance

The stock has a market capitalization of £18.20 million, a P/E ratio of 9.54 and a beta of -0.79. The stock has a 50-day moving average price of GBX 6.79 and a two-hundred day moving average price of GBX 6.17.

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.