Digital 9 Infrastructure (LON:DGI9) Trading Down 4.9% – Should You Sell?

Digital 9 Infrastructure (LON:DGI9) was down 4.9% on Tuesday . The stock traded as low as GBX 4.40 and last traded at GBX 4.47. Approximately 395,578 shares were traded during trading, a decline of 81% from the average daily volume of 2,117,384 shares. The stock had previously closed at GBX 4.70.

Digital 9 Infrastructure Stock Performance

The firm has a market cap of £24.27 million and a PE ratio of -0.18. The firm has a fifty day simple moving average of GBX 5.13 and a two-hundred day simple moving average of GBX 5.74.

About Digital 9 Infrastructure

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.