Digital 9 Infrastructure (LON:DGI9) Shares Climb 12.6% – Time to Buy?

Digital 9 Infrastructure (LON:DGI9) traded up 12.6% during trading on Monday. The company traded as high as GBX 4.75 and last traded at GBX 4.75. 2,268,362 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 1,796,432 shares. The stock had previously closed at GBX 4.22.

Digital 9 Infrastructure Trading Down 0.4%

The stock has a market cap of £23.00 million and a P/E ratio of -0.18. The firm has a 50-day simple moving average of GBX 4.47 and a two-hundred day simple moving average of GBX 4.70.

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.