Allied Resources (OTCMKTS:ALOD) Trading 85% Higher – Still a Buy?

Allied Resources, Inc. (OTCMKTS:ALOD)’s stock price traded up 85% during mid-day trading on Monday . The stock traded as high as $0.15 and last traded at $0.15. 100 shares changed hands during trading, a decline of 90% from the average session volume of 988 shares. The stock had previously closed at $0.08.

Allied Resources Price Performance

The company has a 50 day simple moving average of $0.12 and a 200-day simple moving average of $0.11. The stock has a market cap of $836,644.00, a P/E ratio of -7.40 and a beta of 0.18.

Allied Resources (OTCMKTS:ALOD) last issued its quarterly earnings results on Monday, April 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Allied Resources had a negative return on equity of 5.20% and a negative net margin of 50.75%. The firm had revenue of $0.03 million for 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.