Echo Energy PLC (LON:ECHO)’s share price was down 40% on Tuesday . The stock traded as low as GBX 4.30 ($0.06) and last traded at GBX 5.13 ($0.07). Approximately 8,358,642 shares were traded during mid-day trading, an increase of 704% from the average daily volume of 1,040,000 shares. The stock had previously closed at GBX 8.55 ($0.11).

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About Echo Energy (LON:ECHO)

Echo Energy plc, through its subsidiaries, focuses on developing as an exploration, gas focused E&P company in Latin America. It engages in the appraisal of oil and gas exploration permits; and holding Argentinian and Bolivian branch assets. The company was formerly known as Independent Resources plc.

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