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Brooge Energy (NASDAQ:BROG) Trading Down 8.5% - Here's What Happened

Brooge Energy logo with Utilities background

Brooge Energy Limited (NASDAQ:BROG - Get Free Report) shares dropped 8.5% during trading on Friday . The stock traded as low as $1.60 and last traded at $1.67. Approximately 622,342 shares changed hands during mid-day trading, an increase of 336% from the average daily volume of 142,810 shares. The stock had previously closed at $1.82.

Brooge Energy Stock Performance

The business has a 50 day moving average of $1.46 and a two-hundred day moving average of $1.34.

Brooge Energy Company Profile

(Get Free Report)

Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the United Arab Emirates. It operates phase I and phase II facilities comprising 22 tanks with a capacity of approximately 1,001,388 cubic meters for offering storage, heating, and blending of fuel oil and clean petroleum products, including aviation fuel, gas oil, gasoline, marine gas oil, and naphtha.

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