Allied Resources (OTCMKTS:ALOD) Announces Earnings Results

Allied Resources (OTCMKTS:ALOD) released its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The business had revenue of $0.03 million during the quarter. Allied Resources had a negative return on equity of 10.45% and a negative net margin of 145.27%.

Allied Resources Stock Performance

OTCMKTS ALOD opened at $0.12 on Wednesday. The stock’s fifty day moving average is $0.12 and its two-hundred day moving average is $0.13. The firm has a market capitalization of $650,095.00, a P/E ratio of -2.88 and a beta of 0.37. Allied Resources has a fifty-two week low of $0.09 and a fifty-two week high of $0.20.

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.