Digital 9 Infrastructure (LON:DGI9) Trading Up 2.2% – Should You Buy?

Digital 9 Infrastructure (LON:DGI9) rose 2.2% during trading on Monday . The company traded as high as GBX 5.50 and last traded at GBX 4.60. Approximately 2,415,176 shares changed hands during trading, an increase of 12% from the average daily volume of 2,150,177 shares. The stock had previously closed at GBX 4.50.

Digital 9 Infrastructure Trading Up 22.2%

The stock has a fifty day moving average of GBX 5.42 and a two-hundred day moving average of GBX 6.31. The stock has a market capitalization of £47.58 million and a price-to-earnings ratio of -0.20.

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.