Tantech Holdings Ltd (TANH) stock remained bearish in the last trading session losing 7.86% from the previous trading session. TANH stock was trading at $0.4699 before the closing of the last trading session. Moreover, the stock of TANH rebounded in the after-hours and gained 6.28% to $0.4994. The stock price stayed between the range of $0.47 and $0.51. TANH stock rebounded after the firm declared to have got 10 new orders for the vehicles. Moreover, the firm declared that the underwriter of the previous offering has exercised its options.
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Tantech Holdings Ltd has been an exceptionally specific innovative firm developing, exploring, and creating bamboo charcoal-based items with a laid-out homegrown and worldwide deals and dispersion network. The firm has a market cap of $7.14 million. Moreover, TANH has its headquarters in Lishui, Zhejiang, China.
On 28 March 2022, TANH declared to have got 10 new orders for the vehicle along with its subsidiary Shangchi Automobile. The most recent request for custom-made, good-quality dark and yellow midibuses is supposed to be conveyed to the client in Ecuador in May 2022. Shangchi Automobile’s completely adjustable, diesel light midibuses highlight a manual 5-speed transmission and a top-of-the-line transport, including an eco-friendly, extravagance travel insight with open seating for 18 travelers.
The CEO of TANH, Wangfeng Yan, commented that they are witnessing expanded interest for their midibuses as the worldwide economy keeps on returning, while stock deficiencies keep on hampering the traveler vehicle market. He further said they anticipate that the positive energy will proceed as they move into 2022.
Moreover, on 22 March 2022, TANH reported that the guarantor of its recently declared endorsed public offering has practiced its choice to buy an extra 2.8 million normal offers at a cost of $0.50 per normal offer. The gross returns to the organization from the contribution are roughly $11.4 million.