Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 30.8% – Time to Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS – Get Free Report)’s stock price traded up 30.8% on Monday. The company traded as high as C$0.17 and last traded at C$0.17. Approximately 131,563 shares changed hands during trading, an increase of 149% from the average session volume of 52,861 shares. The stock had previously closed at C$0.13.

Diamond Estates Wines & Spirits Price Performance

The company’s fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.15. 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$9.49 million, a price-to-earnings ratio of -7.00 and a beta of 0.31.

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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