Why is Dec.Gold Mines falling/rising?

As of 03-Jul, Deccan Gold Mines Ltd is experiencing a price increase, currently trading at Rs 149.30, reflecting a rise of Rs 2.9 or 1.98%. Today's performance indicates a positive trend, as the stock has gained after two consecutive days of decline and outperformed its sector by 1.66%. It reached an intraday high of Rs 150, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite a strong year-to-date return of 31.54% and a remarkable 39.40% increase over the past year, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which may hinder long-term growth and investor confidence.
In the broader market context, the stock has outperformed the Sensex over the past week, gaining 3.04% while the benchmark index fell by 0.62%. Despite this short-term outperformance, the stock's longer-term performance shows a decline of 3.93% over the past month, contrasting with the Sensex's gain of 3.10%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a cautious sentiment among institutional investors, potentially impacting future price movements. Overall, while the stock shows positive short-term momentum, underlying financial weaknesses and investor participation concerns may pose risks to its sustained growth.