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

StockNews.com initiated coverage on shares of Tantech (NASDAQ:TANH) in a research note issued on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

Tantech Trading Down 1.4 %

Shares of NASDAQ TANH opened at $0.15 on Tuesday. Tantech has a twelve month low of $0.12 and a twelve month high of $1.62. The business has a 50 day simple moving average of $0.16 and a 200-day simple moving average of $0.30.

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.