Digital 9 Infrastructure (LON:DGI9) Stock Price Up 0.9% – Still a Buy?

Shares of Digital 9 Infrastructure (LON:DGI9) traded up 0.9% during trading on Monday . The company traded as high as GBX 5.65 and last traded at GBX 5.65. 788,914 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,450,554 shares. The stock had previously closed at GBX 5.60.

Digital 9 Infrastructure Price Performance

The firm’s 50 day moving average is GBX 5.81 and its 200 day moving average is GBX 7.81. The company has a market cap of £48.88 million and a PE ratio of -0.21.

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.