Omagine (OTCMKTS:OMAG) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Omagine Inc (OTCMKTS:OMAG)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.00 and traded as high as $0.0001. Omagine shares last traded at $0.00, with a volume of 0 shares changing hands.

Omagine Stock Performance

Omagine Company Profile

Omagine, Inc was a development-stage real estate and tourism company focused primarily on the proposed Omagine Project in Muscat, Sultanate of Oman. The company’s plans centered on creating a large, integrated waterfront destination combining residential, hospitality, commercial, retail, cultural and recreational uses.

The proposed development was intended to include hotels, residential properties, shopping and dining facilities, entertainment venues, public spaces and other tourism-related infrastructure.