CleanTech Lithium (LON:CTL) Stock Price Up 6.3% – Should You Buy?

CleanTech Lithium Plc (LON:CTL) shares were up 6.3% during trading on Wednesday. The stock traded as high as GBX 7.50 and last traded at GBX 7.17. Approximately 1,177,068 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 1,765,290 shares. The stock had previously closed at GBX 6.75.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 17 target price on shares of CleanTech Lithium in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 17.

CleanTech Lithium Trading Up 6.3%

The firm’s fifty day moving average price is GBX 6.75 and its 200-day moving average price is GBX 7.56. The company has a market cap of £26.20 million, a price-to-earnings ratio of -4.48 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.