Barnwell Industries (NYSE:BRN) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Barnwell Industries (NYSE:BRN) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Barnwell Industries Stock Down 0.7 %

BRN opened at $1.33 on Monday. The firm has a market cap of $13.37 million, a P/E ratio of -1.96 and a beta of -0.30. Barnwell Industries has a 52 week low of $1.27 and a 52 week high of $3.20. The business has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $1.64.

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.