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

Canaccord Genuity Group reissued their speculative buy rating on shares of CleanTech Lithium (LON:CTL) in a research note released on Tuesday morning,London Stock Exchange reports. The firm currently has a GBX 20 target price on the stock.

CleanTech Lithium Stock Up 3.9%

Shares of CTL opened at GBX 8.05 on Tuesday. CleanTech Lithium has a twelve month low of GBX 4.50 and a twelve month high of GBX 17.75. The company has a market capitalization of £16.34 million, a P/E ratio of 8.56 and a beta of -0.79. The firm has a 50 day moving average of GBX 9.96 and a 200 day moving average of GBX 7.46.

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.