Barnwell Industries, Inc. (NYSEAMEX:BRN)

Following the announcement of a negative net result for the 2011 fiscal year ended Sept. 30 in mid-December, the stock of Barnwell Industries, Inc. (NYSEAMEX:BRN) started to gradually fall down on the chart, only to get a breath of fresh air on the very first trading day of 2012.

On Jan. 3, BRN surged by 7.4%, marking its highest percentage gain in more than three months. After playing it safe for the next few sessions, BRN made another move up yesterday when it went up 4.55% to a four-week high of $2.90 per share. At the same time, however, BRN only shifted 700 shares, i.e barely 10% of the 30-day average volume of 6,780.

Based in Honolulu, Barnwell Industries, Inc., together with its subsidiary network, specializes in several business fields such as oil and gas exploration, contract drilling, land investment and real estate. The latter turned out to be the weak spot in the company’s business portfolio in Q4 of 2011 and the main cause for its negative quarterly financial result, which in turn led to an overall net loss for the 2011 fiscal year.

According to BRN’s overall financial performance for the last decade, this is just the second time the company has closed a fiscal year at a loss. While its revenue has been slightly decreasing for the last 5 quarters, it still stands a good chance of bucking the trend. How exactly this will happen, however, has yet to be seen.

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