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

StockNews.com started coverage on shares of Tantech (NASDAQ:TANH) in a research report sent to investors on Thursday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Stock Down 12.3 %

Shares of Tantech stock opened at $0.18 on Thursday. The company has a fifty day moving average price of $0.16 and a 200 day moving average price of $0.25. Tantech has a twelve month low of $0.12 and a twelve 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.