Digital 9 Infrastructure (LON:DGI9) Shares Down 1% – Time to Sell?

Digital 9 Infrastructure (LON:DGI9Get Free Report) dropped 1% on Friday . The stock traded as low as GBX 7.80 and last traded at GBX 7.80. Approximately 3,297,057 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 2,466,149 shares. The stock had previously closed at GBX 7.88.

Digital 9 Infrastructure Price Performance

The company has a market capitalization of £67.48 million and a PE ratio of -0.29. The stock’s 50 day simple moving average is GBX 8.39 and its 200-day simple moving average is GBX 8.93.

Digital 9 Infrastructure Company Profile

(Get Free Report)

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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