Echo Resources Limited (ASX:EAR) shares were down 1.5% on Thursday . The company traded as low as A$0.33 ($0.23) and last traded at A$0.33 ($0.23), approximately 51,546 shares were traded during trading. A decline of 96% from the average daily volume of 1,290,000 shares. The stock had previously closed at A$0.33 ($0.23).
The business’s 50-day moving average is A$0.33 and its two-hundred day moving average is A$0.22. The company has a market capitalization of $237.44 million and a P/E ratio of -6.50.
In related news, insider Anthony McIntosh 1,250,000 shares of the stock in a transaction that occurred on Friday, August 30th.
Echo Resources Limited engages in the exploration and development of gold properties in Australia. Its flagship property is the Yandal gold project, which comprises approximately 1,600 square kilometers located in Yandal greenstone belt, Western Australia. The company was formerly known as Metaliko Resources Limited and changed its name to Echo Resources Limited in January 2017.
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