StockNews.com Begins Coverage on Tantech (NASDAQ:TANH)

Equities researchers at StockNews.com initiated coverage on shares of Tantech (NASDAQ:TANH) in a report released on Tuesday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Stock Performance

TANH stock opened at $0.16 on Tuesday. Tantech has a 1-year low of $0.12 and a 1-year high of $1.62. The business has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.29.

About Tantech

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in three segments: Consumer Products, Electric Vehicles, and Biodegradable Packaging.