Digital 9 Infrastructure (LON:DGI9) Stock Price Down 8% – Here’s Why

Digital 9 Infrastructure (LON:DGI9) shares dropped 8% during mid-day trading on Tuesday . The stock traded as low as GBX 4.60 and last traded at GBX 4.60. Approximately 754,883 shares changed hands during trading, a decline of 64% from the average daily volume of 2,080,171 shares. The stock had previously closed at GBX 5.

Digital 9 Infrastructure Trading Down 2.0%

The firm has a market cap of £38.99 million and a P/E ratio of -0.17. The company’s 50 day simple moving average is GBX 5.34 and its 200-day simple moving average is GBX 6.12.

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.