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

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

Tantech Stock Performance

Shares of NASDAQ TANH opened at $0.16 on Thursday. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $2.89. The business has a 50 day moving average price of $0.17 and a two-hundred day moving average price of $0.40.

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.