Barnwell Industries (NYSE:BRN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Barnwell Industries Trading Up 7.0 %

NYSE:BRN opened at $1.69 on Wednesday. The company has a market cap of $16.99 million, a PE ratio of -2.49 and a beta of -0.18. The company has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.80. Barnwell Industries has a 12 month low of $1.27 and a 12 month high of $3.20.

About Barnwell Industries

Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. It also acquires and develops crude oil and natural gas assets in the province of Alberta, as well as invests in land interests in Hawaii.