Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 15.2% – Time to Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) shares were up 15.2% during trading on Wednesday . The stock traded as high as C$0.23 and last traded at C$0.19. Approximately 174,602 shares were traded during mid-day trading, an increase of 471% from the average daily volume of 30,570 shares. The stock had previously closed at C$0.17.

Diamond Estates Wines & Spirits Stock Performance

The company’s fifty day moving average is C$0.17 and its 200 day moving average is C$0.18. The company has a market capitalization of C$12.71 million, a P/E ratio of -0.88 and a beta of 0.78. The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17.

About Diamond Estates Wines & Spirits

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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.

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