Digital 9 Infrastructure (LON:DGI9 - Get Free Report)'s share price shot up 1.3% during trading on Wednesday . The stock traded as high as GBX 9.36 ($0.13) and last traded at GBX 9.25 ($0.12). 752,716 shares changed hands during trading, a decline of 78% from the average session volume of 3,460,774 shares. The stock had previously closed at GBX 9.13 ($0.12).
Digital 9 Infrastructure Stock Up 1.3%
The stock has a market capitalization of £78.85 million and a P/E ratio of -0.17. The company has a fifty day simple moving average of GBX 8.37 and a two-hundred day simple moving average of GBX 11.25.
Insiders Place Their Bets
In other news, insider Philip Braun bought 384,596 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of GBX 8 ($0.11) per share, for a total transaction of £30,767.68 ($41,287.82). Also, insider Andrew Zychowski purchased 450,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was purchased at an average cost of GBX 8 ($0.11) per share, for a total transaction of £36,000 ($48,309.18). Corporate insiders own 0.27% of the company's stock.
Digital 9 Infrastructure Company Profile
(
Get Free Report)
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.
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