Why is Midwest Gold falling/rising?

As of 14-Nov, Midwest Gold Ltd's stock price is rising, currently at Rs. 3,111.30, reflecting an increase of 148.15 (5.0%). The stock has recently hit a new 52-week and all-time high, demonstrating strong performance by outperforming its sector by 4.13%. Over the past four days, the stock has gained 21.29%, and it is trading above all key moving averages, indicating a robust upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 62.23% compared to the five-day average, which suggests heightened interest and confidence among investors.
In the broader market context, Midwest Gold's short-term performance is notably strong, with a one-week return of +20.29%, significantly outpacing the Sensex's +1.62% during the same period. This trend is further supported by impressive long-term returns, including a year-to-date increase of +2688.65% compared to the Sensex's +8.22%. The stock's liquidity is also favorable, allowing for adequate trading volume, which contributes to its rising price. Overall, the combination of strong stock-specific factors and favorable market conditions has led to the recent upward movement in Midwest Gold's stock price.