Why is Hemang Resources falling/rising?

As of 04-Sep, Hemang Resources Ltd is experiencing a price increase, currently at 22.35, reflecting a change of 0.35 or 1.59% upward. Despite this daily gain, the stock has shown a negative performance over the past week, down 1.32%, and a significant decline of 6.87% over the past month. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 50.22% compared to the five-day average. The company's fundamentals are concerning, as it has reported operating losses and a high Debt to EBITDA ratio of -1.00 times, which raises questions about its long-term viability. Additionally, the stock has consistently underperformed against benchmarks, generating a return of -24.49% over the past year. In the broader market context, while the Sensex has shown a positive return of 0.80% over the past week, Hemang Resources has lagged behind, indicating a divergence from the overall market trend. The stock's performance is particularly troubling given its historical underperformance over the last three years, where it has generated negative returns while the benchmark has seen positive growth. This consistent underperformance, coupled with weak financial metrics such as a low debtors turnover ratio and negative EBITDA, suggests that the stock's recent price increase may not be sustainable in the face of ongoing operational challenges and market conditions.