Allied Resources (OTCMKTS:ALOD) Shares Down 0.4% – Should You Sell?

Allied Resources, Inc. (OTCMKTS:ALOD) shares dropped 0.4% on Thursday . The stock traded as low as $0.2490 and last traded at $0.2490. Approximately 3,000 shares traded hands during trading, The stock had previously closed at $0.25.

Allied Resources Trading Down 14.7%

The firm’s 50 day simple moving average is $0.25 and its 200 day simple moving average is $0.21. The firm has a market cap of $1.20 million, a PE ratio of -10.62 and a beta of 0.53.

Allied Resources (OTCMKTS:ALOD) last posted its earnings results on Wednesday, November 19th. The company reported ($0.01) EPS for the quarter. Allied Resources had a negative return on equity of 5.42% and a negative net margin of 48.13%.The firm had revenue of $0.04 million during the quarter.

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.