Digital 9 Infrastructure (LON:DGI9) Shares Down 0.1% - Here's Why

Digital 9 Infrastructure (LON:DGI9 - Get Free Report)'s stock price dropped 0.1% on Monday . The company traded as low as GBX 7.52 ($0.10) and last traded at GBX 7.63 ($0.10). Approximately 2,694,834 shares were traded during trading, a decline of 23% from the average daily volume of 3,494,254 shares. The stock had previously closed at GBX 7.64 ($0.10).

Digital 9 Infrastructure Price Performance

The firm's 50 day moving average price is GBX 8.67 and its two-hundred day moving average price is GBX 12.77. The stock has a market cap of £67.43 million and a PE ratio of -0.15.

Insider Activity at Digital 9 Infrastructure

In other Digital 9 Infrastructure news, insider Philip Braun acquired 384,596 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of GBX 8 ($0.11) per share, with a total value of £30,767.68 ($40,762.69). Also, insider Andrew Zychowski acquired 450,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of GBX 8 ($0.11) per share, for a total transaction of £36,000 ($47,694.75). 0.27% of the stock is owned by company insiders.

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.