Barnwell Industries, Inc. (NYSE:BRN – Get Rating) fell 4.2% during mid-day trading on Tuesday . The company traded as low as $2.75 and last traded at $2.76. 90,762 shares were traded during trading, a decline of 84% from the average session volume of 552,234 shares. The stock had previously closed at $2.88.
Separately, StockNews.com assumed coverage on shares of Barnwell Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
The company has a market capitalization of $27.98 million, a P/E ratio of 2.67 and a beta of 0.37. The company’s fifty day moving average is $2.83.
Barnwell Industries, Inc acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.
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