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

Equities researchers 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 Down 9.9 %

Tantech stock opened at $0.16 on Thursday. The company has a fifty day simple moving average of $0.16 and a 200-day simple moving average of $0.25. Tantech has a 12-month low of $0.12 and a 12-month high of $1.59.

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.