Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 15.2% – What’s Next?

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

Diamond Estates Wines & Spirits Stock Performance

The business’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.18. The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11. The firm 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

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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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