Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 30.8% – Here’s What Happened

Diamond Estates Wines & Spirits Inc. (CVE:DWS) shares were up 30.8% during trading on Monday. The stock traded as high as C$0.17 and last traded at C$0.17. 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 Stock Up 7.1%

The business has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of 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 company has a market cap of C$10.17 million, a price-to-earnings ratio of -7.50 and a beta of 0.31.

Diamond Estates Wines & Spirits Company Profile

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.