Insider Buying: Barnwell Industries (NYSE:BRN) Director Buys $49,500.00 in Stock

Barnwell Industries, Inc. (NYSE:BRN) Director Joshua Horowitz purchased 45,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $1.10 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the director owned 315,276 shares of the company’s stock, valued at approximately $346,803.60. This represents a 16.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joshua Horowitz also recently made the following trade(s):

• On Monday, November 24th, Joshua Horowitz acquired 14,563 shares of Barnwell Industries stock. The stock was acquired at an average price of $1.10 per share, with a total value of $16,019.30.

Barnwell Industries Stock Performance

Shares of NYSE BRN opened at $1.27 on Friday. Barnwell Industries, Inc. has a one year low of $1.08 and a one year high of $2.28. The company’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.22. The firm has a market capitalization of $12.79 million, a P/E ratio of -1.87 and a beta of -0.32.

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.