Barnwell Industries Inc (NYSEAMERICAN:BRN) Stock In Focus After Latest Development
If you are currently looking into stocks that might have recorded gains on Monday then it could be a good idea to consider looking into the Barnwell Industries Inc (NYSEAMERICAN:BRN) stock. On Monday, the stock was in considerable focus among investors and ended the day with gains of as much as 3%.
Market Stats
On Monday, BRN stock jumped 2.52% at $2.44 with more than 66k shares, compared to its average volume of 169k shares. The stock has moved within a range of $2.3100 – 2.5200 after opening trading at $2.37.
Earnings Recap
Yesterday, the company had announced its financial results for the quarter and the fiscal year, both of which ended on September 30, 2021. In this situation, it may be a good move for investors to consider taking a look at some of the highlights from the financial results.
The company managed to make a remarkable turnaround in terms of its net earnings year on year as it generated earnings of $6.25 million for the fiscal year as opposed to losses of $4.75 million in the prior year period.
The net earnings for the fiscal year per share came in at $0.73 and that was again a significant improvement on the net loss of $0.57 a share in the prior year period. In the fourth quarter, the net earnings stood at $1,547,000 and that comfortable surpassed the net earnings of $628,000 in the prior year period.
Traders Corner
BRN stock is trading below the 20-Day and 50-Day Moving averages of $2.51 and $2.61 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.66.
