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

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a report issued on Wednesday morning. The firm issued a sell rating on the basic materials company’s stock.

Tantech Price Performance

Shares of Tantech stock opened at $0.16 on Wednesday. The company has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.56. Tantech has a 52 week low of $0.12 and a 52 week high of $3.94.

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.