Why is Midwest Gold falling/rising?

As of 06-Aug, Midwest Gold Ltd's stock price is rising, currently at Rs. 1,540.85, reflecting an increase of Rs. 30.2 or 2.0%. The stock has been on a positive trajectory, gaining for the last 21 days and achieving a remarkable 51.47% return during this period. It reached a new 52-week and all-time high today, outperforming its sector by 1.63%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 51.71% compared to the 5-day average, which could be a concern for future trading activity.
In the broader market context, Midwest Gold's short-term performance significantly outpaces the benchmark, with a 10.40% increase over the past week compared to a decline of 1.15% in the Sensex. Over the last month, the stock has surged by 57.58%, while the benchmark has fallen by 3.46%. This stark contrast highlights the stock's strong performance relative to the market, contributing to investor interest despite the recent drop in trading volume. Overall, the combination of impressive returns and recent highs suggests a bullish sentiment around Midwest Gold, even as participation levels fluctuate.