TANH - Watch for Continued Losses in Shares of Tantech Holdings Ltd. (TANH)

Shares of Tantech Holdings Ltd. (NASDAQ:TANH) traded at a new 52-week low today of $0.93. This new low was reached on below average trading volume as 230,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Potential upside of 302.7% exists for Tantech Holdings Ltd., based on a current level of $0.97 and analysts' average consensus price target of $3.91.

Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. Its segments are Consumer products, Electric vehicles, and Trading.

In the past 52 weeks, Tantech Holdings Ltd. share prices are bracketed by a current low of $0.93 and a high of $3.65 and is now at $0.97.

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