Digital 9 Infrastructure (LON:DGI9) Stock Price Down 0.7% – Time to Sell?

Digital 9 Infrastructure (LON:DGI9) shares were down 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 4.39 and last traded at GBX 4.39. Approximately 1,506,512 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 1,885,539 shares. The stock had previously closed at GBX 4.42.

Digital 9 Infrastructure Trading Down 2.4%

The stock has a market capitalization of £23.96 million and a P/E ratio of -0.19. The stock’s 50 day simple moving average is GBX 4.58 and its 200 day simple moving average is GBX 4.83.

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.