Allied Resources (OTCMKTS:ALOD) Announces Quarterly Earnings Results

Allied Resources (OTCMKTS:ALOD) issued its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $0.07 million during the quarter. Allied Resources had a return on equity of 91.00% and a net margin of 76.84%.

Allied Resources Price Performance

ALOD remained flat at $0.25 during midday trading on Friday. The company has a market capitalization of $1.41 million, a P/E ratio of 0.80 and a beta of 0.58. The business has a fifty day moving average price of $0.22 and a 200-day moving average price of $0.23. Allied Resources has a 52 week low of $0.08 and a 52 week 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.