Barnwell Industries (BRN) Soars 28.26% on Oil Price Surge, Court Ruling

Barnwell Industries (BRN) surged 28.26% today, marking its fourth consecutive day of gains, with a total increase of 46.28% over the past four days. The share price reached its highest level since January 2025, with an intraday gain of 48.55%.

The strategy of buying BRN shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.5%, significantly underperforming the market. This indicates that this strategy failed to capitalize on potential growth, leading to substantial underperformance. The detailed results are as follows:

Barnwell Industries experienced a significant spike in trading volume on June 13, 2025, with shares trading at $1.84. This reflects a substantial change of 33.04% compared to its previous price, indicating heightened interest and activity in the stock.

The company's stock price saw a notable increase of 36.96%, potentially driven by the surge in oil prices due to geopolitical tensions. As Barnwell Industries operates in the energy sector, the rise in oil prices likely had a positive impact on its stock performance.

A significant court ruling prevented Sherwood Group's director nominations for Barnwell's 2025 Annual Meeting. This ruling may have influenced investor sentiment positively, contributing to the recent changes in the stock price.