Allied Resources (OTCMKTS:ALOD) Announces Earnings Results

Allied Resources (OTCMKTS:ALOD) issued its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, Zacks reports. Allied Resources had a negative return on equity of 5.42% and a negative net margin of 48.13%.

Allied Resources Price Performance

ALOD stock traded down $0.05 during mid-day trading on Wednesday, reaching $0.17. 1,256 shares of the company’s stock were exchanged, compared to its average volume of 2,500. The company has a market cap of $934,440.90, a price-to-earnings ratio of -8.27 and a beta of 0.53. The stock’s 50 day moving average is $0.21 and its 200 day moving average is $0.23. Allied Resources has a 12-month low of $0.08 and a 12-month high of $0.27.

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.