Allied Resources (OTCMKTS:ALOD) Announces Earnings Results

Allied Resources (OTCMKTS:ALOD) posted its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports. Allied Resources had a return on equity of 91.00% and a net margin of 76.84%.

Allied Resources Stock Performance

Shares of OTCMKTS:ALOD remained flat at $0.25 during trading on Thursday. Allied Resources has a 12 month low of $0.08 and a 12 month high of $0.27. The stock has a market capitalization of $1.41 million, a P/E ratio of 0.80 and a beta of 0.58. The company’s 50-day moving average is $0.22 and its 200-day moving average is $0.23.

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. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc in August 1998.