Allied Resources, Inc. (OTCMKTS:ALOD – Get Free Report) fell 18% on Tuesday. The stock traded as low as $0.2042 and last traded at $0.2042. Approximately 5,500 shares traded hands during trading, The stock had previously closed at $0.2490.
Allied Resources Price Performance
The firm has a market cap of $1.15 million, a PE ratio of 0.73 and a beta of 0.19. The company has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.21.
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.
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