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

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

Tantech Stock Up 12.7 %

NASDAQ:TANH opened at $0.92 on Thursday. Tantech has a fifty-two week low of $0.52 and a fifty-two week high of $3.94. The firm’s fifty day simple moving average is $0.67 and its 200-day simple moving average is $0.96.

About Tantech

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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.

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