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

StockNews.com began coverage on shares of Tantech (NASDAQ:TANH) in a research note published on Tuesday. The firm issued a sell rating on the basic materials company’s stock.

Tantech Stock Performance

Shares of NASDAQ TANH opened at $0.14 on Tuesday. The stock’s 50-day simple moving average is $0.17 and its two-hundred day simple moving average is $0.43. Tantech has a twelve month low of $0.12 and a twelve month high of $3.28.

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.