Digital 9 Infrastructure (LON:DGI9) Stock Price Down 24.4% – What’s Next?

Digital 9 Infrastructure (LON:DGI9) shares traded down 24.4% on Friday . The company traded as low as GBX 5.20 and last traded at GBX 5.20. 974,293 shares changed hands during trading, a decline of 54% from the average session volume of 2,123,767 shares. The stock had previously closed at GBX 6.88.

Digital 9 Infrastructure Stock Performance

The firm has a market capitalization of £38.93 million and a price-to-earnings ratio of -0.17. The stock’s fifty day moving average is GBX 5.42 and its two-hundred day moving average is GBX 6.33.

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.