Digital 9 Infrastructure (LON:DGI9) Trading Up 1.3% - Here's What Happened

Digital 9 Infrastructure (LON:DGI9 - Get Free Report) rose 1.3% on Tuesday . The company traded as high as GBX 8.25 ($0.11) and last traded at GBX 8.10 ($0.11). Approximately 1,518,327 shares traded hands during trading, a decline of 59% from the average daily volume of 3,692,713 shares. The stock had previously closed at GBX 8 ($0.11).

Digital 9 Infrastructure Stock Performance

The stock has a market capitalization of £71.61 million and a PE ratio of -0.15. The business has a 50 day moving average of GBX 8.35 and a two-hundred day moving average of GBX 11.92.

Insider Buying and Selling at Digital 9 Infrastructure

In other news, insider Philip Braun bought 384,596 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of GBX 8 ($0.11) per share, for a total transaction of £30,767.68 ($41,527.44). Also, insider Andrew Zychowski bought 450,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of GBX 8 ($0.11) per share, for a total transaction of £36,000 ($48,589.55). 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.