Why is Dec.Gold Mines falling/rising?

As of 11-Jul, Deccan Gold Mines Ltd's stock price is currently at Rs 145.50, reflecting an increase of Rs 1.85 or 1.29%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it reached an intraday high of Rs 147.65. Over the past month, the stock has performed well, with an increase of 8.02%, and it has significantly outperformed the benchmark Sensex, which has remained nearly flat at -0.02%. However, despite these positive short-term movements, the company faces challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBITDA and a high Debt to EBITDA ratio. Additionally, domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its valuation or business prospects.
In the broader market context, while Deccan Gold Mines has outperformed the Sensex in the short term, with a 1W return of -2.18% compared to the Sensex's -1.12%, its long-term performance remains strong, with a 3Y return of 517.83% against the Sensex's 51.67%. This suggests that, despite recent volatility and concerns regarding its financial health, the stock has been able to attract investor interest over a longer horizon. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume indicates a potential decline in investor participation, which could affect future price movements.