Allied Energy Corp (AGYP)

[traderider]

$AGYP Q2 Breakdown: Cuts Losses, Re-Invests, Closing in on Production

Company cut its operational and net losses for the quarter — principally by reducing expenses and reinvesting all money from saved expenses back into its well development program.

Operating losses off the three months ended June 30, 2021 dropped to $85,913 from $113,368 the comparable period the prior year — a 24.2% decline. For the six months ended June 30, 2021. It cut operating expenses in Q2 2021 to $175,461 from $231,286 — again, by 24.1%.

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