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

CleanTech Lithium (LON:CTL)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 17 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 183.33% from the company’s current price.

CleanTech Lithium Price Performance

CTL opened at GBX 6 on Thursday. The firm has a market capitalization of £12.25 million, a P/E ratio of 6.38 and a beta of -0.79. The company has a fifty day moving average price of GBX 7.36 and a 200-day moving average price of GBX 8.23. CleanTech Lithium has a one year low of GBX 4.50 and a one year high of GBX 17.75.

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.