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

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

Tantech Stock Performance

TANH opened at $0.16 on Thursday. The company has a fifty day moving average price of $0.17 and a 200-day moving average price of $0.40. Tantech has a one year low of $0.12 and a one year high of $2.89.

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.