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

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

Tantech Trading Up 5.3 %

Shares of NASDAQ TANH opened at $0.17 on Tuesday. Tantech has a 12 month low of $0.12 and a 12 month high of $1.62. The stock has a 50 day moving average of $0.16 and a 200-day moving average of $0.29.

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.