CleanTech Lithium (LON:CTL) Shares Up 7.4% – Should You Buy?

CleanTech Lithium Plc (LON:CTL) was up 7.4% on Thursday. The company traded as high as GBX 7.50 and last traded at GBX 7.25. Approximately 885,884 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,865,451 shares. The stock had previously closed at GBX 6.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 17 target price on shares of CleanTech Lithium in a report on Tuesday. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, CleanTech Lithium presently has a consensus rating of “Buy” and an average target price of GBX 17.

CleanTech Lithium Stock Down 0.0%

The business’s 50-day simple moving average is GBX 6.26 and its two-hundred day simple moving average is GBX 6.81. The stock has a market cap of £26.47 million, a P/E ratio of -4.53 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.