The stock of Tantech Holdings Ltd (NASDAQ:TANH) is a huge mover today! The stock increased 2.97% or $0.06 on October 3, hitting $2.08. About 147,360 shares traded hands or 20.03% up from the average. Tantech Holdings Ltd (NASDAQ:TANH) has declined 61.89% since February 29, 2016 and is downtrending. It has underperformed by 74.10% the S&P500.
The move comes after 9 months positive chart setup for the $58.08 million company. It was reported on Oct, 4 by Barchart.com. We have $3.20 PT which if reached, will make NASDAQ:TANH worth $31.36 million more.
According to Zacks Investment Research, “Tantech Holdings Ltd. is engaged in developing and manufacturing bamboo-based charcoal products primarily in the Peoples Republic of China and internationally. The company operates through Consumer Products, Biofuel Energy and Trading segments. It offers pressed and formed charcoal briquettes, air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles and decorative charcoal gifts. Tantech Holdings Ltd. is headquartered in Lishui, the Peoples Republic of China.”
More notable recent Tantech Holdings Ltd (NASDAQ:TANH) news were published by: Prnewswire.com which released: “Tantech Holdings Ltd. Seizes the Initiative in the Field of Green Vehicles” on October 03, 2016, also Quotes.Wsj.com with their article: “News Tantech Holdings Ltd.TANH” published on March 24, 2015, Prnewswire.com published: “Tantech Holdings Ltd. Enters into Framework Agreement to Acquire Electric …” on January 27, 2016. More interesting news about Tantech Holdings Ltd (NASDAQ:TANH) were released by: Prnewswire.com and their article: “TANTECH HOLDINGS LTD. Opens New R&D Center in Lishui, China” published on June 08, 2015 as well as Prnewswire.com‘s news article titled: “Tantech Holdings Ltd. Announces Pricing of Initial Public Offering” with publication date: March 24, 2015.
TANH Company Profile
Tantech Holdings Ltd. (Tantech BVI), incorporated on November 9, 2010, is a holding company. The Company, through its subsidiaries, is a developer and maker of bamboo charcoal products for industrial energy applications and household cooking, heating, purification, agricultural and cleaning uses. The Firm has three divisions: consumer product, trading and biofuel energy. The Consumer products segment makes and sells Charcoal Doctor branded products and barbecue (BBQ) charcoal in China. The Company’s products include purification and deodorization products and cleaning products. The Trading segment conducts rubber and other trading businesses. The Company’s subsidiary, Tantech Charcoal, is engaged in the trading business. The biofuel energy segment produces and sells BBQ charcoal to clients in Asia, Europe and North America. It produces and sells bamboo fuel for Electric Double-Layer Capacitor (EDLC).
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