Digital 9 Infrastructure (LON:DGI9) Trading Down 0.8% - Here's What Happened

Key Points

• Digital 9 Infrastructure shares declined by 0.8% during mid-day trading, closing at GBX 9.10 ($0.12), significantly lower than the previous average volume of shares traded.
• The company, with a market capitalization of £78.73 million, is undergoing a managed wind-down process after shareholders approved the proposal on 25 March 2024.
• InfraRed has been appointed as the investment manager and AIFM of Digital 9 Infrastructure following the recent strategic review.

Shares of Digital 9 Infrastructure (LON:DGI9 - ) traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as GBX 8.80 ($0.12) and last traded at GBX 9.10 ($0.12). 387,647 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,663,989 shares. The stock had previously closed at GBX 9.17 ($0.13).

Digital 9 Infrastructure Price Performance

The company has a market capitalization of £78.73 million and a P/E ratio of -20.24. The firm has a fifty day moving average price of GBX 9.56 and a 200-day moving average price of GBX 9.05.

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.

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