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

StockNews.com started coverage on shares of Tantech (NASDAQ:TANH) in a research report released on Tuesday. The firm issued a sell rating on the basic materials company’s stock.

Tantech Trading Up 2.7 %

Shares of TANH opened at $0.16 on Tuesday. The firm has a 50-day simple moving average of $0.16 and a two-hundred day simple moving average of $0.30. Tantech has a 1-year low of $0.12 and a 1-year high of $1.62.

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.