Allied Resources, Inc. (OTCMKTS:ALOD – Get Free Report) shares were down 18% during mid-day trading on Tuesday. The stock traded as low as $0.2042 and last traded at $0.2042. 5,500 shares traded hands during trading, The stock had previously closed at $0.2490.
Allied Resources Price Performance
The firm’s 50-day moving average price is $0.16 and its 200-day moving average price is $0.21. The company has a market cap of $1.15 million, a price-to-earnings ratio of 0.73 and a beta of 0.19.
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. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc in August 1998.
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