Shares of Tantech Holdings Ltd (NASDAQ:TANH) rose 6.4% during trading on Tuesday . The company traded as high as $1.67 and last traded at $1.67, approximately 527,400 shares traded hands during mid-day trading. An increase of 222% from the average daily volume of 163,769 shares. The stock had previously closed at $1.57.
Separately, ValuEngine upgraded shares of Tantech from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
The business’s 50 day moving average is $1.51 and its 200 day moving average is $1.50.
About Tantech (NASDAQ:TANH)
Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Electric Vehicle. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.
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