Diamondhead Casino (OTCMKTS:DHCC) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Diamondhead Casino Co. (OTCMKTS:DHCCGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.20 and traded as low as $0.13. Diamondhead Casino shares last traded at $0.15, with a volume of 72,238 shares changing hands.

Diamondhead Casino Stock Down 11.8 %

The company’s fifty day moving average price is $0.20 and its 200 day moving average price is $0.20.

About Diamondhead Casino

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Diamondhead Casino Corporation does not have significant operations. It intends to construct a casino resort and other amenities in Mississippi. The company was formerly known as Europa Cruises Corporation and changed its name to Diamondhead Casino Corporation in November 2002. Diamondhead Casino Corporation was incorporated in 1988 and is based in Alexandria, Virginia.

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