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

CleanTech Lithium Plc (LON:CTL) traded down 11.6% during trading on Tuesday . The stock traded as low as GBX 8.20 and last traded at GBX 8.40. 386,749 shares changed hands 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.

Analyst Upgrades and Downgrades

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

CleanTech Lithium Stock Down 5.6%

The firm has a market cap of £18.20 million, a P/E ratio of 9.54 and a beta of -0.79. The business has a fifty day simple moving average of GBX 6.79 and a 200-day simple moving average of GBX 6.17.

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.