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

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

Tantech Stock Performance

TANH stock opened at $0.16 on Thursday. Tantech has a 52-week low of $0.12 and a 52-week high of $3.94. The stock’s fifty day simple moving average is $0.23 and its 200-day simple moving average is $0.53.

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.