CleanTech Lithium (LON:CTL) Shares Down 1.4% – Time to Sell?

CleanTech Lithium Plc (LON:CTL) fell 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 5 and last traded at GBX 5.17. 142,862 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 2,146,196 shares. The stock had previously closed at GBX 5.25.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 17 price target on shares of CleanTech Lithium in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 17.

CleanTech Lithium Stock Up 4.8%

The firm’s fifty day moving average is GBX 5.97 and its two-hundred day moving average is GBX 7.97. The firm has a market cap of £19.96 million, a P/E ratio of -2.50 and a beta of -0.79.

About CleanTech Lithium

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.