Barnwell Industries Inc (BRN) Files Form 4 Insider Buying : Murray C Gardner Buys 2,000 Shares

Barnwell Industries Inc (BRN): Murray C Gardner , director of Barnwell Industries Inc purchased 2,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.70 per share for a total value of $3,400.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 26, 2015, Alexander C Kinzler (COO) purchased 3,500 shares at $2.05 per share price.

Shares of Barnwell Industries (BRN) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -2.37% at $1.65 with 5,083 shares getting traded. Post opening the session at $1.707, the shares hit an intraday low of $1.62 and an intraday high of $1.707 and the price vacillated in this range throughout the day. The company has a market cap of $14 M and the number of outstanding shares has been calculated to be 82,77,160 shares. The 52-week high of Barnwell Industries is $3.17 and the 52-week low is $1.2999.

Barnwell Industries Money Flow Index Chart

Barnwell Industries Inc. is engaged in the acquisition and development of oil and natural gas properties. The Company’s four principal segments are Oil and Natural Gas Segment Land Investment Segment Contract Drilling Segment and Residential Real Estate Segment. The Company’s Oil and Natural segment is engaged in oil and natural gas development acquisitions and sales in Canada. The Company’s Land Investment Segment invests in land interests in Hawaii. The Company’s Contract Drilling Segment provides well drilling services and water pumping system installation and repairs in Hawaii. The Company’s Residential Real Estate segment develops homes for sale in Hawaii. As of September 30 2015 the Company had interests in approximately 200 gross (32.4 net) productive wells. The Company’s subsidiaries include Barnwell of Canada Limited Water Resources International Inc. Barnwell Hawaiian Properties Inc. and Gypsy Petroleum Ltd.

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