CleanTech Lithium (CTL)

Sector:

Mining

Index:

FTSE AIM All-Share

 14.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.00
  • 52 Week Low: 14.00
  • Currency: UK Pounds
  • Shares Issued: 145.16m
  • Volume: 536,439
  • Market Cap: £21.41m

Canaccord Genuity initiates coverage on CleanTech Lithium at 'speculative buy'

By Iain Gilbert

Date: Tuesday 11 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity initiated coverage on AIM-listed lithium exploration and development company CleanTech Lithium on Tuesday with a 'speculative buy' rating and a 290.0p target price.
Canaccord said the Northern Chile focussed company's Laguna Verde and Francisco Basin sites could be "standout assets" within the sector and expects Laguna Verde's resources to underpin a 30+ year life.

The Canadian bank stated that due to a lack of evaporation ponds, existing infrastructure and prefabrication of large plant components, it estimates low capital intensity of approximately $16,000 per tonne, with operating costs of $4,000 per tonne, while investment returns were predicted to be "rapid", with a fast ramp-up and strong margins underpinning approximately $150.0m-200.om in free cash flow per year from the first year of operation.

"DLE allows the company to minimise aquifer depletion, with a smaller geographical footprint than conventional evaporation brines, and the availability of renewable power should allow the company to pursue a target of close-to-zero emissions," noted Canaccord.

"There are also no indigenous communities within ~2 hours of the area. We believe these ESG credentials bode well for permitting at a time when the Chilean government has a strong focus on sustainability," added the analysts.





Reporting by Iain Gilbert at Sharecast.com

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CTL Market Data

Currency UK Pounds
Share Price 14.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.00
52 Week Low 14.00
Volume 536,439
Shares Issued 145.16m
Market Cap £21.41m

CTL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Income Not Available
Growth Not Available

CTL Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:32 150,000 @ 14.70p
15:59 2,661 @ 14.75p
15:56 16,908 @ 14.75p
15:46 333 @ 15.00p
15:40 9 @ 15.00p

CTL Key Personnel

CEO Aldo J B de Moras
CFO Gordon Bowman Stein

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