Here is Why Brooge Energy (BROG) Skyrocketed This Week

The share price of Brooge Energy Limited (NASDAQ:BROG) surged by 40.53% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

Here is Why Brooge Energy (BROG) Skyrocketed This Week

A huge refinery and oil storage facility with high automated machinery for blending and circulation.

Brooge Energy Limited (NASDAQ:BROG) is the parent company of Brooge Petroleum and Gas Investment Company FZE, which operates as a midstream oil storage and service provider out of the Emirate of Fujairah in the United Arab Emirates.

Brooge Energy Limited (NASDAQ:BROG) rebounded this week after crashing by over 52% the week before, following the announcement that the company will voluntarily delist from NASDAQ by mid-June, with no intentions to list its shares on any other securities exchange. Brooge expects the last day of the quotation of its shares on NASDAQ to be on or around June 19, 2025.

Brooge Energy Limited (NASDAQ:BROG) has taken this decision after considering several factors, including the absence of an active trading market for the company’s securities, the resources and expenses associated with maintaining SEC and Nasdaq reporting requirements, and the regulatory burdens that have led to significant operating expenses and management focus.

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Disclosure: None.