Barnwell Industries (NYSE:BRN) VP Purchases $48,175.60 in Stock

Barnwell Industries, Inc. (NYSE:BRN) VP Philip Patman, Jr. purchased 43,796 shares of the company’s stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $1.10 per share, for a total transaction of $48,175.60. Following the completion of the transaction, the vice president owned 210,211 shares in the company, valued at approximately $231,232.10. This trade represents a 26.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Barnwell Industries Trading Up 10.4%

BRN opened at $1.27 on Friday. The business has a 50 day moving average of $1.23 and a 200-day moving average of $1.22. The stock has a market capitalization of $12.79 million, a price-to-earnings ratio of -1.87 and a beta of -0.32. Barnwell Industries, Inc. has a 1-year low of $1.08 and a 1-year high of $2.28.

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.