Artificial intelligence powered tech firm Marble Financial Inc (OTCMKTS:MRBLF) saw its stock trade in a range on Wednesday, but at the same time, it cannot be ignored that the company was in the news as well. Marble Financial came into focus yesterday after the company’s Chief Executive Officer Karim Nanji released a letter to the company’s shareholders.
Market Action
On Wednesday, MRBLF stock ended flat at $0.1115 with 125 shares, compared to its average volume of 6.7k shares. The stock has moved within a range of $0.1115 – 0.1115 after opening trade at $0.1115.
Marble Issues Annual Shareholder Letter
In the letter, the company’s CEO thanked the shareholders to have supporting the company’s strategy to emerge as a leading player in the financial solutions providing space. He went on to state that the company’s solutions could help in transforming the lives of many Canadians in a positive way.
He added that 2021 had been a watershed year for Marble Financial as it managed to hit a number of milestones on many fronts. In the letter, it was noted that its business to business marketing strategy coupled with the direct to customer acquisition strategy had helped Marble Financial in a big way in creating partnerships with a number of service providers.
This was one of the major highlights from the letter and it now remains to be seen if it has an effect on the Marble Financial stock or not.
Traders Note
MRBLF stock is trading below the 10-Day and 20-Day Moving averages of $0.1115 and $0.1132. Moreover, the stock is trading is the neutral zone with RSI stands at 50.
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