Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 15% – Here’s What Happened

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) shares traded down 15% on Friday . The company traded as low as C$0.16 and last traded at C$0.17. 181,121 shares were traded during mid-day trading, an increase of 510% from the average session volume of 29,683 shares. The stock had previously closed at C$0.20.

Diamond Estates Wines & Spirits Stock Performance

The stock’s fifty day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.19. The company has a market cap of C$9.82 million, a price-to-earnings ratio of -0.66 and a beta of 1.94. 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

(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.

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