CleanTech Lithium (LON:CTL) Stock Price Up 2.9% – Should You Buy?

CleanTech Lithium Plc (LON:CTL)’s stock price was up 2.9% during trading on Thursday . The stock traded as high as GBX 9 and last traded at GBX 9. Approximately 527,074 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,706,933 shares. The stock had previously closed at GBX 8.75.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 20 price objective on shares of CleanTech Lithium in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, CleanTech Lithium presently has an average rating of “Buy” and a consensus price target of GBX 20.

CleanTech Lithium Price Performance

The stock’s fifty day simple moving average is GBX 8.11 and its two-hundred day simple moving average is GBX 6.46. The company has a market capitalization of £17.86 million, a price-to-earnings ratio of 9.36 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.