CleanTech Lithium (LON:CTL) Stock Price Down 8.2% – Should You Sell?

CleanTech Lithium Plc (LON:CTL)’s share price fell 8.2% on Wednesday . The company traded as low as GBX 6.75 and last traded at GBX 6.89. 2,422,856 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 1,686,492 shares. The stock had previously closed at GBX 7.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 20 target price on shares of CleanTech Lithium in a report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 20.

CleanTech Lithium Stock Down 8.2%

The stock has a 50 day simple moving average of GBX 9.72 and a 200 day simple moving average of GBX 7.62. The company has a market cap of £14.06 million, a price-to-earnings ratio of 7.32 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.