Allied Resources (OTCMKTS:ALOD) Announces Earnings Results

Allied Resources (OTCMKTS:ALOD) released its earnings results on Wednesday. The company reported ($0.01) earnings per share 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

OTCMKTS:ALOD remained flat at $0.25 during trading hours on Wednesday. Allied Resources has a twelve month low of $0.08 and a twelve month high of $0.27. The company has a market capitalization of $1.41 million, a PE ratio of -25.00 and a beta of 0.51. The stock’s fifty day moving average price is $0.24 and its 200 day moving average price is $0.16.

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.