Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 15.8% – Here’s Why

Diamond Estates Wines & Spirits Inc. (CVE:DWS) shares were up 15.8% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 490,849 shares changed hands during trading, an increase of 295% from the average daily volume of 124,322 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

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

Diamond Estates Wines & Spirits Stock Performance

The stock has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.17. The stock has a market cap of C$13.71 million, a P/E ratio of -20.50 and a beta of 1.85. The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90.

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.