Omagine (OTCMKTS:OMAG) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Omagine Inc (OTCMKTS:OMAG) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-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 traded.

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.