CleanTech Lithium (LON:CTL) Shares Up 11.9% – Here’s What Happened

CleanTech Lithium Plc (LON:CTL)’s share price traded up 11.9% during mid-day trading on Tuesday . The company traded as high as GBX 9.50 and last traded at GBX 9.40. 727,324 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 1,585,518 shares. The stock had previously closed at GBX 8.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 20 price objective on shares of CleanTech Lithium in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 20.

CleanTech Lithium Price Performance

The company has a 50 day moving average of GBX 10 and a 200-day moving average of GBX 7.45. The company has a market cap of £16.23 million, a P/E ratio of 8.51 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.