Why is Midwest Gold falling/rising?

As of 07-Aug, Midwest Gold Ltd is experiencing a price increase, currently at Rs. 1,571.65, reflecting a rise of 30.8 points or 2.0%. The stock has hit a new 52-week and all-time high today, and it has outperformed its sector by 2.72%. Notably, the stock has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 51.48% return during this period. Additionally, it is trading above all key moving averages, indicating strong upward momentum. The rising investor participation is also evident, with delivery volume increasing by 240.54% against the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Midwest Gold's performance stands in stark contrast to the Sensex, which has declined by 0.69% over the past week. The stock's impressive short-term return of 10.40% over the last week significantly outpaces the benchmark's performance, highlighting its strength in a challenging market environment. Furthermore, the stock's year-to-date return of 1308.67% and one-year return of 3295.96% further emphasize its exceptional growth compared to the Sensex's modest 3.18% and 1.45% gains, respectively. This divergence suggests that investor sentiment towards Midwest Gold remains robust despite broader market challenges.