Allied Resources (OTCMKTS:ALOD) Trading Up 116.7% – Should You Buy?

Allied Resources, Inc. (OTCMKTS:ALODGet Free Report) traded up 116.7% during trading on Monday . The company traded as high as $0.20 and last traded at $0.20. 1,100 shares were traded during mid-day trading, a decline of 76% from the average session volume of 4,639 shares. The stock had previously closed at $0.09.

Allied Resources Trading Up 1.0 %

The firm’s 50-day moving average price is $0.10 and its two-hundred day moving average price is $0.11.

About Allied Resources

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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.

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