Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – Here’s What Happened

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) rose 10.5% on Friday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares traded hands during trading, an increase of 317% from the average daily volume of 127,810 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

Separately, Atrium Research raised Diamond Estates Wines & Spirits to a “strong-buy” rating in a report on Tuesday, November 25th. One 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 Down 2.4%

The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17. The business’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.17. The company has a market capitalization of C$13.71 million, a P/E ratio of -20.50 and a beta of 1.85.

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.