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Digital 9 Infrastructure (LON:DGI9) Trading Down 2.5% - Should You Sell?

Digital 9 Infrastructure logo with Financial Services background

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.
  • Want stock alerts on Digital 9 Infrastructure? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Digital 9 Infrastructure (LON:DGI9 - Get Free Report) traded down 2.5% during trading on Friday . The stock traded as low as GBX 9.65 ($0.13) and last traded at GBX 9.65 ($0.13). 1,329,055 shares traded hands 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 Price Performance

The stock has a market cap of £83.54 million and a price-to-earnings ratio of -0.18. The company's 50 day moving average is GBX 9.49 and its 200 day moving average is GBX 9.26.

About Digital 9 Infrastructure

(Get Free Report)

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.

See Also

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