Digital 9 Infrastructure (LON:DGI9) Trading 1.3% Higher - Time to Buy?

Shares of Digital 9 Infrastructure (LON:DGI9 - Get Free Report) were up 1.3% on Wednesday . The company traded as high as GBX 9.36 ($0.13) and last traded at GBX 9.25 ($0.12). Approximately 752,716 shares changed hands during trading, a decline of 78% from the average daily volume of 3,460,774 shares. The stock had previously closed at GBX 9.13 ($0.12).

Digital 9 Infrastructure Trading Up 0.4%

The business has a fifty day simple moving average of GBX 8.41 and a two-hundred day simple moving average of GBX 11.12. The stock has a market cap of £79.45 million and a PE ratio of -0.17.

Insider Buying and Selling

In related news, insider Andrew Zychowski purchased 450,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 8 ($0.11) per share, for a total transaction of £36,000 ($48,328.63). Also, insider Philip Braun bought 384,596 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of GBX 8 ($0.11) per share, for a total transaction of £30,767.68 ($41,304.44). 0.27% of the stock is owned by insiders.

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.