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

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

Tantech Stock Performance

NASDAQ TANH opened at $0.16 on Thursday. Tantech has a 12 month low of $0.12 and a 12 month high of $2.89. The stock has a 50-day simple moving average of $0.17 and a 200 day simple moving average of $0.40.

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.