CleanTech Lithium’s (CTL) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 20 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 125.99% from the stock’s previous close.

CleanTech Lithium Trading Up 5.4%

Shares of CTL traded up GBX 0.45 during mid-day trading on Tuesday, reaching GBX 8.85. The company’s stock had a trading volume of 1,892,445 shares, compared to its average volume of 1,604,311. CleanTech Lithium has a 1-year low of GBX 4.50 and a 1-year high of GBX 17.75. The business has a 50-day simple moving average of GBX 10.02 and a two-hundred day simple moving average of GBX 7.42. The stock has a market cap of £17.96 million, a P/E ratio of 9.41 and a beta of -0.79.

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.