Why is Epic Energy falling/rising?

As of 03-Jul, Epic Energy Ltd's stock price is currently at 66.52, reflecting an increase of 1.3 or 1.99%. The stock has been on a positive trajectory, gaining for the last six days and achieving a remarkable 30.43% return during this period. Additionally, it has outperformed its sector by 1.49% today. Over the past year, the stock has generated an impressive return of 306.11%, although it has experienced a decline of 2.51% over the last month. Positive financial results reported on March 25, including the highest quarterly PBDIT and PAT figures, have contributed to this upward movement. However, concerns regarding weak long-term fundamental strength, such as a low return on equity and poor debt servicing ability, may temper investor enthusiasm.
In the broader market context, Epic Energy's recent performance stands in stark contrast to the Sensex, which has declined by 0.62% over the past week. While the stock has shown significant short-term gains, its year-to-date performance remains negative at -42.95%, compared to the Sensex's positive return of 6.53% in the same timeframe. This discrepancy highlights the stock's volatility and the potential risks associated with its long-term growth prospects, despite its recent gains and strong historical performance over the past three and five years.