Tantech Holdings Ltd (TANH)

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.