Here is Why Brooge Energy (BROG) Skyrocketed This Week

From Yahoo Finance: 2025-06-13 03:34:00

Brooge Energy Limited (NASDAQ:BROG) saw a 40.53% surge in share price between June 5 and June 12, 2025, making it one of the top Energy Stocks that Gained the Most This Week. The company operates a large refinery and oil storage facility with high automated machinery in Fujairah, UAE.

After a 52% crash the week before, Brooge Energy Limited (NASDAQ:BROG) rebounded following the announcement of its voluntary delisting from NASDAQ by mid-June. The company cited reasons like the absence of an active trading market, high operating expenses, and regulatory burdens for this decision.

Brooge Energy Limited (NASDAQ:BROG) expects the last day of the quotation of its shares on NASDAQ to be around June 19, 2025, with no plans to list on any other securities exchange. Despite the potential of BROG as an investment, other AI stocks may offer greater upside potential with less downside risk.

For more insights on energy stocks, check out our free reports on the best short-term AI stock, 10 Cheap Energy Stocks to Buy Now, and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds. Disclosure: None.

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