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0.1605
1.98%
0.0036
Why is Tantech Holdings Ltd (TANH) Stock down?
We've noticed a 12.31% decline in Tantech Holdings Ltd (TANH) stock during the 2024-10-31 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
21 Dec, 2023:
Shares of Tantech Holdings Ltd (TANH) dropped by 21.90% from $1.3701 to $1.07 in the trading on Thursday, December 21, 2023. The reason why TANH down today is due to according to the reports, TANH's auditors accused the company of overstating its cash balance and inventories. This news led to lack of investor confidence in the company. In addition, an analysts from Citi downgraded the stock to Sell in November citing deteriorating fundamentals and liquidity issues.
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