Allied Resources (OTCMKTS:ALOD) Announces Earnings Results

Allied Resources (OTCMKTS:ALOD) posted its quarterly earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Allied Resources had a negative return on equity of 10.45% and a negative net margin of 145.27%.

Allied Resources Stock Performance

Shares of OTCMKTS:ALOD remained flat at $0.12 during trading on Monday. The stock had a trading volume of 10 shares, compared to its average volume of 2,362. Allied Resources has a 12 month low of $0.09 and a 12 month high of $0.20. The company’s 50 day moving average is $0.12 and its 200-day moving average is $0.13. The company has a market cap of $650,095.00, a price-to-earnings ratio of -2.88 and a beta of 0.37.

About Allied Resources

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.