Digital 9 Infrastructure (LON:DGI9) Shares Down 2% - What's Next?

Digital 9 Infrastructure (LON:DGI9 - Get Free Report)'s share price traded down 2% during mid-day trading on Thursday . The stock traded as low as GBX 9.58 ($0.13) and last traded at GBX 9.70 ($0.13). 766,344 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 3,152,704 shares. The stock had previously closed at GBX 9.90 ($0.13).

Digital 9 Infrastructure Stock Down 1.4%

The firm has a fifty day simple moving average of GBX 8.90 and a 200-day simple moving average of GBX 10.22. The company has a market capitalization of £82.78 million and a P/E ratio of -0.18.

Insider Activity

In other Digital 9 Infrastructure news, insider Andrew Zychowski purchased 450,000 shares of the stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of GBX 8 ($0.11) per share, for a total transaction of £36,000 ($48,335.12). Also, insider Philip Braun purchased 384,596 shares of the stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of GBX 8 ($0.11) per share, with a total value of £30,767.68 ($41,309.99). 0.27% of the stock is owned by corporate 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.