CleanTech Lithium (LON:CTL) Trading Up 5% – Should You Buy?

CleanTech Lithium Plc (LON:CTL)’s share price shot up 5% during trading on Friday . The company traded as high as GBX 11 and last traded at GBX 10.50. 689,804 shares were traded during trading, a decline of 54% from the average session volume of 1,508,297 shares. The stock had previously closed at GBX 10.

Wall Street Analyst Weigh In

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

CleanTech Lithium Stock Up 14.0%

The company has a 50-day moving average of GBX 8.67 and a two-hundred day moving average of GBX 6.60. The company has a market capitalization of £23.13 million, a P/E ratio of 12.13 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.