CleanTech Lithium (LON:CTL) Shares Up 15.1% – Here’s Why

Shares of CleanTech Lithium Plc (LON:CTL) shot up 15.1% during mid-day trading on Monday . The company traded as high as GBX 11 and last traded at GBX 11. 1,414,969 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 2,140,260 shares. The stock had previously closed at GBX 9.56.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued 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, Based on data from MarketBeat, CleanTech Lithium has a consensus rating of “Buy” and an average target price of GBX 20.

CleanTech Lithium Stock Up 7.7%

The firm has a 50 day moving average of GBX 5.86 and a 200 day moving average of GBX 5.87. The firm has a market cap of £20.90 million, a PE ratio of 10.96 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.