Digital 9 Infrastructure (LON:DGI9) Trading Down 2.3% – Here’s Why

Digital 9 Infrastructure (LON:DGI9Get Free Report)’s share price dropped 2.3% during mid-day trading on Wednesday . The stock traded as low as GBX 5.05 and last traded at GBX 5.15. Approximately 249,799 shares were traded during trading, a decline of 88% from the average daily volume of 2,054,979 shares. The stock had previously closed at GBX 5.28.

Digital 9 Infrastructure Price Performance

The business’s 50-day moving average price is GBX 5.36 and its two-hundred day moving average price is GBX 6.70. The firm has a market cap of £44.56 million and a price-to-earnings ratio of -0.19.

Digital 9 Infrastructure Company Profile

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As announced on 29 January 2024, following the completion of a Strategic Review, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the Company.
The proposal was approved by the shareholders on 25 March 2024 (99.89% of votes in favour).

As announced on 11 October 2024, InfraRed has been appointed as the Company’s investment manager and AIFM.

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