Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 6.8% – Here’s What Happened

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) dropped 6.8% during trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 99,100 shares were traded during mid-day trading, an increase of 194% from the average daily volume of 33,676 shares. The stock had previously closed at C$0.22.

Diamond Estates Wines & Spirits Stock Down 6.8 %

The business’s fifty day moving average is C$0.25 and its two-hundred day moving average is C$0.26. The stock has a market cap of C$12.20 million, a price-to-earnings ratio of -0.82 and a beta of 1.94. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

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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