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

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

Tantech Trading Up 2.3 %

NASDAQ TANH opened at $0.15 on Friday. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $2.47. The stock has a 50 day simple moving average of $0.17 and a two-hundred day simple moving average of $0.37.

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.