Key Points
- Major shareholder Ned Sherwood sold 131,910 shares of Barnwell Industries on Dec. 3 at an average price of $1.10 for total proceeds of $145,101.
- The sale reduced Sherwood’s direct stake by 5.09% to 2,461,498 shares and was disclosed in an SEC filing.
- Barnwell stock traded around $1.15 (52-week range $1.07–$2.28) with a market cap of about $11.53 million and a negative P/E of -1.68.
Barnwell Industries, Inc. (NYSE:BRN - Get Free Report) major shareholder Ned Sherwood sold 131,910 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $1.10, for a total value of $145,101.00. Following the transaction, the insider directly owned 2,461,498 shares in the company, valued at $2,707,647.80. The trade was a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Barnwell Industries Stock Performance
NYSE:BRN traded up $0.01 during mid-day trading on Friday, hitting $1.15. 701 shares of the stock were exchanged, compared to its average volume of 152,492. Barnwell Industries, Inc. has a fifty-two week low of $1.07 and a fifty-two week high of $2.28. The stock has a market capitalization of $11.53 million, a price-to-earnings ratio of -1.68 and a beta of -0.54. The firm's 50-day simple moving average is $1.23 and its 200 day simple moving average is $1.22.
Barnwell Industries Company Profile
(
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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.
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