Tantech (NASDAQ:TANH) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of Tantech (NASDAQ:TANH) in a report issued on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Trading Up 14.7 %

TANH stock opened at $0.17 on Wednesday. The business’s 50-day moving average price is $0.17 and its two-hundred day moving average price is $0.41. Tantech has a 1-year low of $0.12 and a 1-year high of $2.89.

Tantech Company Profile

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.