Why is Dec.Gold Mines falling/rising?

As of 29-Aug, Deccan Gold Mines Ltd is experiencing a decline in its stock price, currently at Rs 119.95, reflecting a decrease of Rs 5.05 or 4.04%. Today's price summary indicates that the stock has underperformed its sector by 4.06%, with an intraday low of Rs 118.95, which is a drop of 4.84%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 8.18% compared to the 5-day average. Over the past week, the stock has decreased by 6.65%, and over the past month, it has fallen by 11.61%, contrasting with a year-to-date increase of 5.68%.
In the broader market context, while the Sensex has also seen a decline of 1.84% over the past week and 1.88% over the past month, Deccan Gold Mines' performance has been significantly worse. The company's weak long-term fundamentals, highlighted by an operating loss and a negative EBITDA, contribute to its current stock price movement. The recent negative financial results, including a substantial drop in profit before tax and profit after tax, further exacerbate investor concerns. Additionally, the reduction in promoter stake by 0.52% signals a lack of confidence in the company's future prospects, which may be influencing the stock's downward trajectory.