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

Stock analysts at StockNews.com started coverage on shares of Tantech (NASDAQ:TANH) in a research report issued on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Stock Performance

Shares of NASDAQ TANH opened at $0.22 on Wednesday. The stock’s 50-day moving average is $0.16 and its two-hundred day moving average is $0.27. Tantech has a 1-year low of $0.12 and a 1-year high of $1.59.

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.