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

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

Tantech Stock Performance

Shares of NASDAQ:TANH opened at $0.15 on Monday. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $1.62. The company’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.32.

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.