Barnwell Industries (NYSE:BRN) Major Shareholder Ned Sherwood Sells 131,910 Shares of Stock

Barnwell Industries, Inc. (NYSE:BRN) major shareholder Ned Sherwood sold 131,910 shares of Barnwell Industries stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $1.10, for a total value of $145,101.00. Following the completion of the sale, the insider directly owned 2,461,498 shares of the company’s stock, valued at $2,707,647.80. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Barnwell Industries Trading Up 0.4%

Shares of BRN traded up $0.01 during trading hours on Friday, hitting $1.15. 701 shares of the stock traded hands, compared to its average volume of 152,492. Barnwell Industries, Inc. has a 1-year low of $1.07 and a 1-year high of $2.28. The firm has a market capitalization of $11.53 million, a PE ratio of -1.68 and a beta of -0.54. The business has a fifty day moving average of $1.23 and a 200-day moving average of $1.22.

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.