Why is Midwest Gold falling/rising?

As of 06-Nov, Midwest Gold Ltd is experiencing a price increase, currently at Rs 2,642.15, which reflects a rise of 125.8 points or 5.0%. The stock has shown strong performance recently, gaining 30.18% over the last nine days and outperforming its sector by 5.58% today. It opened with a 5% gain and reached an intraday high of Rs 2,642.15. Additionally, the stock has demonstrated impressive returns over various periods, including a staggering 2,268.15% year-to-date and a remarkable 29,257.22% over the past five years. However, there has been a decline in investor participation, with delivery volume dropping by 22.93% compared to the five-day average, which could indicate a potential concern for future momentum.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.30% over the past week, Midwest Gold's 17.97% increase highlights its strong relative performance. While the Sensex has shown a modest gain of 1.86% over the past month, Midwest Gold's 3.04% rise further emphasizes its outperformance. The stock's ability to maintain trading above all major moving averages suggests a bullish trend, although the falling delivery volume may warrant caution among investors regarding sustainability.