Digital 9 Infrastructure (LON:DGI9) Shares Up 3.4% – Still a Buy?

Digital 9 Infrastructure (LON:DGI9)’s stock price shot up 3.4% on Friday . The company traded as high as GBX 6.10 and last traded at GBX 6. 207,445 shares were traded during trading, a decline of 86% from the average session volume of 1,521,181 shares. The stock had previously closed at GBX 5.80.

Digital 9 Infrastructure Trading Up 3.4%

The stock’s 50-day moving average price is GBX 6.59 and its 200-day moving average price is GBX 8.30. The stock has a market cap of £51.91 million and a price-to-earnings ratio of -0.22.

Digital 9 Infrastructure Company Profile

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.