CleanTech Lithium (LON:CTL) Given Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of CleanTech Lithium (LON:CTL) in a research note released on Tuesday,London Stock Exchange reports. They currently have a GBX 20 price target on the stock.

CleanTech Lithium Price Performance

Shares of LON CTL opened at GBX 9 on Tuesday. The company’s 50 day simple moving average is GBX 10.03 and its 200 day simple moving average is GBX 7.45. The firm has a market capitalization of £18.26 million, a P/E ratio of 9.57 and a beta of -0.79. CleanTech Lithium has a fifty-two week low of GBX 4.50 and a fifty-two week high of GBX 17.75.

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.