Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – Here’s What Happened

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) was up 10.5% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares changed hands during trading, an increase of 317% from the average daily volume of 127,810 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

Separately, Atrium Research raised shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Diamond Estates Wines & Spirits presently has an average rating of “Strong Buy”.

Get Our Latest Analysis on DWS

Diamond Estates Wines & Spirits Price Performance

The stock has a market capitalization of C$13.71 million, a P/E ratio of -20.50 and a beta of 1.85. The business’s 50 day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.17. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

Diamond Estates Wines & Spirits Company Profile

(Get Free Report)

Diamond Estates Wines & Spirits Inc produces, markets, distributes, and sells wines in Canada, China, and internationally. The company operates in two segments, Manufactured Wines and Agency. It produces VQA wines under the 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh, Red Tractor, Seasons, Serenity, D’Ont Poke the Bear, and Backyard Vineyards brand names. The company also sells its products through liquor boards, licensed restaurants and bars, grocery chains, direct-to-consumer, and retail stores, as well as acts as a sales agent for beverage alcohol brands.

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