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 analysts at Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 17 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 179.24% from the stock’s current price.

CleanTech Lithium Stock Up 5.9%

LON:CTL opened at GBX 6.09 on Thursday. CleanTech Lithium has a twelve month low of GBX 4.50 and a twelve month high of GBX 17.75. The business has a 50 day moving average price of GBX 5.71 and a two-hundred day moving average price of GBX 7.72. The company has a market cap of £22.10 million, a P/E ratio of -2.77 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.