Diamond Estates Wines & Spirits (CVE:DWS) Trading 10.5% Higher – Here’s Why

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) traded up 10.5% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. 531,349 shares were traded during mid-day trading, an increase of 316% from the average session volume of 127,670 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Diamond Estates Wines & Spirits Trading Up 10.5%

The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90. The firm has a market capitalization of C$14.05 million, a P/E ratio of -21.00 and a beta of 1.85. The firm has a 50 day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.17.

About Diamond Estates Wines & Spirits

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.