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

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

Tantech Price Performance

Shares of Tantech stock opened at $0.14 on Friday. Tantech has a 52-week low of $0.12 and a 52-week high of $1.59. The company’s fifty day moving average price is $0.17 and its two-hundred day moving average price is $0.18.

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.