Tantech (NASDAQ:TANH) Coverage Initiated by Analysts at StockNews.com

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

Tantech Stock Performance

Shares of Tantech stock traded down $0.01 during trading on Friday, reaching $0.15. The company’s stock had a trading volume of 1,049,416 shares, compared to its average volume of 1,112,642. The stock has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.65. Tantech has a one year low of $0.15 and a one year 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.