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

Equities research analysts at StockNews.com started coverage on shares of Tantech (NASDAQ:TANH) in a research note issued to investors on Thursday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Stock Performance

NASDAQ TANH opened at $0.18 on Thursday. Tantech has a 12 month low of $0.12 and a 12 month high of $1.59. The company’s 50 day moving average is $0.16 and its two-hundred day moving average is $0.26.

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.