Digital 9 Infrastructure (LON:DGI9) Trading Down 2.5% - Time to Sell?

Key Points

• Digital 9 Infrastructure shares fell by 2.5%, closing at GBX 9.65 ($0.13) with a significant trading volume decline of 56% from the average.
• Insider Philip Braun purchased 384,596 shares at GBX 8 ($0.11), indicating confidence from within the company's management.
• Following a Strategic Review, shareholders approved a proposal for a managed wind-down of the company, highlighting serious concerns about its future.

Digital 9 Infrastructure (LON:DGI9 - )'s share price traded down 2.5% during trading on Friday . The company traded as low as GBX 9.65 ($0.13) and last traded at GBX 9.65 ($0.13). 1,329,055 shares were traded during trading, a decline of 56% from the average session volume of 2,994,791 shares. The stock had previously closed at GBX 9.90 ($0.13).

Digital 9 Infrastructure Stock Down 2.5%

The business has a fifty day moving average of GBX 9.42 and a 200 day moving average of GBX 9.44. The firm has a market cap of £82.26 million and a P/E ratio of -0.18.

Insiders Place Their Bets

In other Digital 9 Infrastructure news, insider Philip Braun purchased 384,596 shares of the firm's stock in a transaction 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 ($40,838.44). Insiders own 0.27% of the company's stock.

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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