Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 15.2% – Still a Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) shares were up 15.2% during trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.19. Approximately 174,602 shares were traded during 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 Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17. The firm’s 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.18. The company has a market cap of C$12.04 million, a price-to-earnings ratio of -0.88 and a beta of 0.78.

About Diamond Estates Wines & Spirits

(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.

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