Distil (LON:DIS) Shares Up 9.7% – Here’s Why

Shares of Distil Plc (LON:DIS) shot up 9.7% during mid-day trading on Wednesday . The company traded as high as GBX 0.16 ($0.00) and last traded at GBX 0.16 ($0.00). 7,979,734 shares changed hands during mid-day trading, an increase of 520% from the average session volume of 1,288,046 shares. The stock had previously closed at GBX 0.15 ($0.00).

Distil Stock Performance

The company’s 50 day simple moving average is GBX 0.21 and its 200 day simple moving average is GBX 0.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.74 and a current ratio of 3.47. The stock has a market cap of £1.58 million, a PE ratio of 17.50 and a beta of 0.61.

About Distil

Distil Plc, together its subsidiaries, engages in the marketing and sale of spirits. The company offers its products under various brands, including RedLeg Spiced Rum, Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black Vodka, TRØVE Botanical Spirit, and Diva Vodka. It markets and sells its products in the United Kingdom, the United States, Germany, Spain, Australia, and Russia.