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

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report)’s stock price rose 15.2% during mid-day trading on Wednesday . The stock traded as high as C$0.23 and last traded at C$0.19. Approximately 174,602 shares traded hands 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 Stock Up 15.2%

The company has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.18. 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 has a market cap of C$12.71 million, a P/E 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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