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Barnwell Industries (NYSE:BRN) COO Alexander C. Kinzler purchased 2,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $2.98 per share, with a total value of $5,960.00. Following the purchase, the chief operating officer now directly owns 307,000 shares of the company’s stock, valued at approximately $914,860. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Barnwell Industries (NYSE:BRN) remained flat at $2.99 during during mid-day trading trading on Friday. Barnwell Industries has a 52 week low of $2.75 and a 52 week high of $3.65. The stock has a 50-day moving average of $3.0 and a 200-day moving average of $3.07. The company’s market cap is $24.7 million.

Barnwell Industries, Inc (NYSE:BRN) operates in four segments: Oil and Natural Gas Segment, Land Investment Segment, Contract Drilling Segment and Residential Real Estate Segment.

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