Tantech (NASDAQ:TANH) Research Coverage Started at StockNews.com

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

Tantech Stock Performance

NASDAQ TANH opened at $0.16 on Thursday. The stock’s 50-day simple moving average is $0.23 and its two-hundred day simple moving average is $0.54. Tantech has a twelve month low of $0.12 and a twelve month 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.