Allied Resources (OTCMKTS:ALOD) Issues Earnings Results

Allied Resources (OTCMKTS:ALOD) released its quarterly earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, Zacks reports. Allied Resources had a negative return on equity of 2.80% and a negative net margin of 22.31%.

Allied Resources Price Performance

Shares of ALOD stock remained flat at $0.25 on Wednesday. The stock’s 50 day moving average price is $0.24 and its 200-day moving average price is $0.16. Allied Resources has a fifty-two week low of $0.08 and a fifty-two week high of $0.27. The stock has a market cap of $1.41 million, a P/E ratio of -25.00 and a beta of 0.51.

Allied Resources Company Profile

Allied Resources, Inc, an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas in the United States. It owns varying interests in a total of 145 wells situated on acreage of approximately 3,400 acres in Ritchie and Calhoun counties, West Virginia; and 10 wells situated on acreage of approximately 2,510 acres in Goliad, Edwards, and Jackson counties, Texas.