Brooge Energy Limited (NASDAQ:BROG – Get Rating) shares hit a new 52-week low on Tuesday . The stock traded as low as $6.24 and last traded at $6.24, with a volume of 1431 shares. The stock had previously closed at $6.85.
Brooge Energy Trading Down 6.9 %
The firm’s 50 day moving average is $7.91 and its two-hundred day moving average is $7.84.
Institutional Investors Weigh In On Brooge Energy
A hedge fund recently raised its stake in Brooge Energy stock. Bluefin Capital Management LLC increased its holdings in shares of Brooge Energy Limited (NASDAQ:BROG – Get Rating) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,208 shares of the company’s stock after buying an additional 7,578 shares during the period. Bluefin Capital Management LLC’s holdings in Brooge Energy were worth $382,000 at the end of the most recent quarter. Institutional investors own 3.14% of the company’s stock.
About Brooge Energy
Brooge Energy Limited, through its subsidiaries, provides oil storage and related services at the Port of Fujairah in the emirate of Fujairah in the United Arab Emirates. The company operates phase I facility that comprises 14 storage tanks with an aggregate geometric capacity of 399,324 cbm for the 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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