CleanTech Lithium (LON:CTL) Stock Price Down 3.1% – Should You Sell?

CleanTech Lithium Plc (LON:CTL)’s stock price traded down 3.1% during trading on Thursday . The stock traded as low as GBX 7.60 and last traded at GBX 7.90. 1,311,176 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 1,347,419 shares. The stock had previously closed at GBX 8.15.

Wall Street Analyst Weigh In

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

CleanTech Lithium Stock Down 25.3%

The business’s 50-day simple moving average is GBX 7.93 and its 200-day simple moving average is GBX 8.16. The stock has a market cap of £12.05 million, a PE ratio of 6.28 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.